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

Wall Street Zen upgraded shares of American Resources (NASDAQ:AREC) from a sell rating to a hold rating in a research note released on Sunday morning.

Other research analysts also recently issued reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of American Resources in a research note on Wednesday, January 21st. D. Boral Capital reaffirmed a “buy” rating and set a $6.00 target price on shares of American Resources in a report on Monday, December 1st. Finally, Maxim Group assumed coverage on shares of American Resources in a research report on Wednesday, November 26th. They issued a “buy” rating and a $7.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, American Resources presently has an average rating of “Moderate Buy” and a consensus target price of $6.00.

American Resources Trading Up 3.6%

AREC stock opened at $3.18 on Friday. American Resources has a 12-month low of $0.38 and a 12-month high of $7.11. The business’s 50-day moving average is $3.14 and its 200 day moving average is $3.00. The stock has a market cap of $322.42 million, a price-to-earnings ratio of -7.76 and a beta of 1.17.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. CWM LLC acquired a new position in shares of American Resources in the third quarter valued at approximately $429,000. MSH Capital Advisors LLC acquired a new position in shares of American Resources in the fourth quarter worth $25,000. Novare Capital Management LLC purchased a new stake in shares of American Resources during the fourth quarter worth $124,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of American Resources during the fourth quarter worth $66,000. Finally, Certuity LLC acquired a new stake in shares of American Resources in the fourth quarter valued at $39,000. 9.32% of the stock is currently owned by institutional investors and hedge funds.

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.