Analysts Set American Resources Corporation (NASDAQ:AREC) PT at $6.00

American Resources Corporation (NASDAQ:AREC) has received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. One research 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 brokerages that have updated their coverage on the stock in the last year is $6.00.

A number of equities research analysts have recently issued reports on AREC shares. Wall Street Zen raised shares of American Resources from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of American Resources in a report on Tuesday, September 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in American Resources by 458.9% in the 1st quarter. Bank of America Corp DE now owns 410,230 shares of the company’s stock worth $993,000 after buying an additional 336,829 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of American Resources during the 4th quarter valued at $5,750,000. Tidal Investments LLC raised its position in shares of American Resources by 55,112.2% during the 2nd quarter. Tidal Investments LLC now owns 49,691 shares of the company’s stock valued at $107,000 after buying an additional 49,601 shares in the last quarter. Kingsbury Capital Investment Advisors LLC lifted its position in American Resources by 8.8% in the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 118,193 shares of the company’s stock worth $254,000 after buying an additional 9,562 shares during the last quarter. Finally, SummitTX Capital L.P. bought a new stake in shares of American Resources in the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 9.32% of the company’s stock.

American Resources Price Performance

Shares of NASDAQ AREC opened at $1.95 on Thursday. The stock has a market cap of $208.59 million, a PE ratio of -4.76 and a beta of 1.19. American Resources has a fifty-two week low of $1.48 and a fifty-two week high of $7.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.19 and a current ratio of 2.19. The stock has a fifty day moving average of $2.22 and a 200-day moving average of $2.33.

American Resources Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, August 25th. Investors of record on Saturday, August 15th were paid a dividend of $0.0431 per share. The ex-dividend date of this dividend was Friday, August 14th.

About American Resources

American Resources Corporation (NASDAQ: AREC) is a U.S.-based natural resources and critical-minerals company. Through its operating subsidiaries, the company is focused on the extraction, processing and recycling of materials used in infrastructure, energy and advanced technology applications.

American Resources has historically operated in the Central Appalachian coal region, producing and processing metallurgical carbon products used in steelmaking. Its resource activities have included coal properties and processing facilities in eastern Kentucky and surrounding Appalachian markets, although the company has increasingly emphasized its critical-minerals and technology businesses.

Through ReElement Technologies, American Resources develops refining and separation technologies for rare earth elements and other critical minerals.