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

Wall Street Zen upgraded shares of American Resources (NASDAQ:AREC) from a strong sell rating to a sell rating in a research report report published on Saturday.

Separately, Weiss Ratings lowered American Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.00.

American Resources Stock Performance

American Resources stock opened at $2.88 on Friday. The firm has a 50 day simple moving average of $2.05 and a 200-day simple moving average of $2.45. American Resources has a 1-year low of $1.18 and a 1-year high of $7.11. 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 stock has a market cap of $308.07 million, a price-to-earnings ratio of -7.02 and a beta of 1.16.

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

American Resources Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Saturday, August 15th will be given a $0.0431 dividend. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Creative Planning increased its position in shares of American Resources by 65.5% during the second quarter. Creative Planning now owns 37,892 shares of the company’s stock valued at $31,000 after acquiring an additional 15,000 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of American Resources by 86,418.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 122,856 shares of the company’s stock worth $102,000 after acquiring an additional 122,714 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of American Resources in the 2nd quarter worth approximately $33,000. Jane Street Group LLC purchased a new position in shares of American Resources during the 2nd quarter worth approximately $139,000. Finally, Vanguard Group Inc. boosted its position in shares of American Resources by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,124,973 shares of the company’s stock worth $8,437,000 after purchasing an additional 120,065 shares during the period. Hedge funds and other 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.