American Resources Corporation (NASDAQ:AREC) Receives $6.00 Consensus Price Target from Analysts

American Resources Corporation (NASDAQ:AREC) has been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $6.00.

Several research analysts recently weighed in on the company. Wall Street Zen cut American Resources from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Resources in a research note on Monday, April 20th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AREC. HITE Hedge Asset Management LLC bought a new position in American Resources during the fourth quarter valued at about $5,750,000. Millennium Management LLC bought a new position in American Resources during the third quarter valued at about $1,524,000. Goldman Sachs Group Inc. boosted its stake in American Resources by 354.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 560,986 shares of the company’s stock valued at $1,391,000 after buying an additional 437,578 shares in the last quarter. Two Sigma Investments LP bought a new position in American Resources during the third quarter valued at about $790,000. Finally, Squarepoint Ops LLC boosted its stake in American Resources by 852.8% during the fourth quarter. Squarepoint Ops LLC now owns 250,536 shares of the company’s stock valued at $621,000 after buying an additional 224,240 shares in the last quarter. Institutional investors own 9.32% of the company’s stock.

American Resources Stock Performance

Shares of AREC opened at $2.31 on Friday. The firm has a market capitalization of $247.01 million, a price-to-earnings ratio of -5.63 and a beta of 1.14. American Resources has a one year low of $0.61 and a one year high of $7.11. The stock’s fifty day moving average is $2.53 and its 200-day moving average is $2.93.

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.