American Resources Corporation (NASDAQ:AREC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of American Resources Corporation (NASDAQ:AREC) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $6.00.

AREC has been the topic of a number of analyst reports. Wall Street Zen upgraded American Resources from a “sell” rating to a “hold” rating in a research note on Sunday. D. Boral Capital reissued a “buy” rating and issued a $6.00 target price on shares of American Resources in a report on Monday, December 1st. Maxim Group assumed coverage on shares of American Resources in a report on Wednesday, November 26th. They issued a “buy” rating and a $7.00 price target for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Resources in a research note on Wednesday, January 21st.

Institutional Investors Weigh In On American Resources

Institutional investors and hedge funds have recently modified their holdings of the company. MSH Capital Advisors LLC acquired a new stake in shares of American Resources during the fourth quarter valued at $25,000. Northwest Financial Advisors purchased a new position in American Resources in the 3rd quarter valued at about $27,000. Belvedere Trading LLC acquired a new stake in shares of American Resources during the 3rd quarter worth about $30,000. Jump Financial LLC purchased a new stake in shares of American Resources during the fourth quarter worth about $30,000. Finally, Creative Planning raised its position in shares of American Resources by 65.5% in the second quarter. Creative Planning now owns 37,892 shares of the company’s stock valued at $31,000 after buying an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 9.32% of the company’s stock.

American Resources Stock Down 2.3%

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. American Resources has a 52-week low of $0.38 and a 52-week high of $7.11. The firm has a 50-day moving average price of $3.11 and a 200 day moving average price of $2.97.

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.