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

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

A number of research analysts have recently commented on AREC shares. Weiss Ratings upgraded American Resources from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Wall Street Zen cut American Resources from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th.

American Resources Stock Down 11.3%

Shares of AREC opened at $2.11 on Tuesday. American Resources has a 52 week low of $0.63 and a 52 week high of $7.11. The stock has a market capitalization of $225.71 million, a price-to-earnings ratio of -5.15 and a beta of 1.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.19 and a current ratio of 2.19. The stock has a fifty day moving average of $2.28 and a 200-day moving average of $2.78.

American Resources (NASDAQ:AREC) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $0.75 EPS for the quarter. The firm had revenue of ($0.10) million during the quarter. As a group, sell-side analysts anticipate that American Resources will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. MSH Capital Advisors LLC bought a new position in American Resources during the 4th quarter worth $25,000. CTC Alternative Strategies Ltd. bought a new position in American Resources during the 1st quarter worth $25,000. Northwest Financial Advisors bought a new position in American Resources during the 3rd quarter worth $27,000. SummitTX Capital L.P. bought a new position in American Resources during the 1st quarter worth $30,000. Finally, Jump Financial LLC bought a new position in American Resources during the 4th quarter worth $30,000. 9.32% of the stock is currently owned by institutional investors.

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.