American Resources (NASDAQ:AREC) Upgraded at Wall Street Zen

American Resources (NASDAQ:AREC) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Several other research firms also recently weighed in on AREC. Weiss Ratings reiterated a “sell (d-)” rating on shares of American Resources in a report on Wednesday, January 21st. D. Boral Capital restated a “buy” rating and set a $6.00 price target on shares of American Resources in a research report on Monday, December 1st. Finally, Maxim Group assumed coverage on American Resources in a research note on Wednesday, November 26th. They issued a “buy” rating and a $7.00 price objective for the company. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, American Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

American Resources Price Performance

NASDAQ AREC opened at $3.02 on Friday. The stock has a market capitalization of $306.20 million, a P/E ratio of -7.37 and a beta of 1.17. The firm’s 50-day moving average is $3.11 and its two-hundred day moving average is $2.97. American Resources has a 12 month low of $0.38 and a 12 month high of $7.11.

Institutional Trading of American Resources

Several hedge funds have recently modified their holdings of AREC. CWM LLC acquired a new stake in American Resources in the third quarter valued at approximately $429,000. MSH Capital Advisors LLC acquired a new position in American Resources during the 4th quarter worth approximately $25,000. Novare Capital Management LLC acquired a new position in American Resources during the 4th quarter worth approximately $124,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of American Resources in the 4th quarter valued at approximately $66,000. Finally, Certuity LLC acquired a new stake in shares of American Resources in the 4th quarter valued at $39,000. 9.32% of the stock is currently owned by institutional investors and hedge funds.

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.