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

American Resources Corporation (NASDAQ:AREC) has been assigned an average rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $6.00.

Several research analysts have commented on AREC shares. D. Boral Capital reissued a “buy” rating and set a $6.00 price target on shares of American Resources in a research note on Monday, December 1st. Wall Street Zen raised shares of American Resources from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of American Resources in a research report on Wednesday, January 21st. Finally, Maxim Group started coverage on shares of American Resources in a research note on Wednesday, November 26th. They issued a “buy” rating and a $7.00 price target for the company.

American Resources Price Performance

NASDAQ:AREC opened at $2.54 on Thursday. The company has a market capitalization of $271.60 million, a price-to-earnings ratio of -6.20 and a beta of 1.02. The business has a 50 day moving average of $3.23 and a 200 day moving average of $3.18. American Resources has a 1-year low of $0.38 and a 1-year high of $7.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AREC. MSH Capital Advisors LLC bought a new stake in American Resources in the 4th quarter worth $25,000. Northwest Financial Advisors bought a new position in shares of American Resources during the third quarter valued at about $27,000. Belvedere Trading LLC bought a new position in shares of American Resources during the third quarter valued at 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 boosted its holdings in shares of American Resources by 65.5% during the second quarter. Creative Planning now owns 37,892 shares of the company’s stock worth $31,000 after purchasing an additional 15,000 shares during the period. Institutional investors own 9.32% of the company’s stock.

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.