American Resources (NASDAQ:AREC) Stock Rating Upgraded by Wall Street Zen

American Resources (NASDAQ:AREC) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other brokerages have also recently commented on AREC. Weiss Ratings reissued a “sell (d-)” rating on shares of American Resources in a research report on Wednesday. D. Boral Capital reaffirmed a “buy” rating and set a $6.00 target price on shares of American Resources in a report on Monday, December 1st. Maxim Group started coverage on shares of American Resources in a report on Wednesday, November 26th. They set a “buy” rating and a $7.00 price target for the company. Roth Mkm reaffirmed a “buy” rating and set a $5.00 price target on shares of American Resources in a report on Monday, October 13th. Finally, William Blair started coverage on shares of American Resources in a research report on Monday, October 20th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

American Resources Trading Up 4.3%

AREC stock opened at $4.37 on Friday. The business’s 50-day moving average price is $2.97 and its two-hundred day moving average price is $2.70. American Resources has a 1-year low of $0.38 and a 1-year high of $7.11. The firm has a market cap of $443.07 million, a PE ratio of -10.66 and a beta of 1.13.

American Resources (NASDAQ:AREC) last announced its earnings results on Friday, November 14th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.05. The company had revenue of $0.05 million for the quarter, compared to analyst estimates of $0.01 million. On average, analysts forecast that American Resources will post -0.38 earnings per share for the current year.

Insider Buying and Selling at American Resources

In other news, major shareholder Properties Ltd. Golden sold 390,000 shares of American Resources stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $4.03, for a total transaction of $1,571,700.00. Following the completion of the transaction, the insider directly owned 10,784,940 shares in the company, valued at $43,463,308.20. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 1,564,818 shares of company stock valued at $6,344,379 over the last 90 days. 16.80% of the stock is currently owned by company insiders.

Institutional Trading of American Resources

Institutional investors have recently made changes to their positions in the company. Creative Planning boosted 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 worth $31,000 after buying an additional 15,000 shares during the last quarter. JPMorgan Chase & Co. raised its position in American Resources by 86,418.3% during the second quarter. JPMorgan Chase & Co. now owns 122,856 shares of the company’s stock valued at $102,000 after purchasing an additional 122,714 shares in the last quarter. XTX Topco Ltd bought a new position in American Resources during the second quarter valued at approximately $33,000. Jane Street Group LLC bought a new position in shares of American Resources during the second quarter valued at about $139,000. Finally, CWM LLC purchased a new stake in shares of American Resources during the third quarter valued at approximately $429,000. Institutional investors own 9.32% of the company’s stock.

About American Resources

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.