American Resources Corporation Plans Dividend of $0.04 (NASDAQ:AREC)

American Resources Corporation (NASDAQ:AREC) announced a dividend on Friday, July 24th. Investors of record on Saturday, August 15th will be given a dividend of 0.0431 per share on Tuesday, August 25th. The ex-dividend date is Friday, August 14th.

American Resources Stock Performance

American Resources stock opened at $1.74 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.19 and a quick ratio of 2.19. The firm has a market capitalization of $186.13 million, a P/E ratio of -4.24 and a beta of 1.11. American Resources has a 1-year low of $1.00 and a 1-year high of $7.11. The company’s 50-day moving average is $2.05 and its 200 day moving average is $2.60.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AREC. Weiss Ratings lowered American Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Wall Street Zen lowered American Resources from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $6.00.

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.