American Resources Corporation (NASDAQ:AREC) Receives $6.00 Average Price Target from Analysts

American Resources Corporation (NASDAQ:AREC) has been given an average rating of “Moderate Buy” by the five research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $6.00.

AREC has been the subject of several recent analyst reports. Weiss Ratings cut shares of American Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Wall Street Zen lowered shares of American Resources from a “hold” rating to a “sell” rating in a report on Saturday, April 4th.

Institutional Investors Weigh In On American Resources

Several large investors have recently added to or reduced their stakes in AREC. MSH Capital Advisors LLC bought a new stake in American Resources in the fourth quarter worth approximately $25,000. CTC Alternative Strategies Ltd. bought a new position in shares of American Resources during the 1st quarter worth approximately $25,000. SummitTX Capital L.P. acquired a new stake in shares of American Resources during the 1st quarter worth approximately $30,000. Jump Financial LLC bought a new stake in shares of American Resources in the 4th quarter valued at $30,000. Finally, Creative Planning increased its stake in shares of American Resources by 65.5% in the 2nd quarter. Creative Planning now owns 37,892 shares of the company’s stock valued at $31,000 after acquiring an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 9.32% of the company’s stock.

American Resources Stock Performance

Shares of AREC stock opened at $1.74 on Wednesday. The stock has a market capitalization of $186.13 million, a PE ratio of -4.24 and a beta of 1.11. The business’s 50 day simple moving average is $2.05 and its 200 day simple moving average is $2.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.19 and a quick ratio of 2.19. American Resources has a one year low of $1.00 and a one year high of $7.11.

American Resources (NASDAQ:AREC) last released its quarterly earnings results on Tuesday, May 19th. The company reported $0.75 earnings per share (EPS) for the quarter. The firm had revenue of ($0.10) million for the quarter. As a group, research analysts forecast that American Resources will post -0.44 earnings per share for the current year.

American Resources Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Saturday, August 15th will be paid a $0.0431 dividend. The ex-dividend date of this dividend is Friday, August 14th.

American Resources Company Profile

American Resources Corporation (NASDAQ:AREC) is a diversified energy and critical minerals company focused on reclaiming coal refuse and mining high‐quality steam and metallurgical coal. The firm employs a vertically integrated business model that encompasses raw material extraction, on‐site processing and product delivery, supplying coal to power generators, steel manufacturers and industrial users.

Operating primarily in the Central Appalachian region of the United States, American Resources holds mining leases and reclamation permits across multiple sites in Kentucky, West Virginia and Indiana.