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 published on Sunday morning.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Resources in a report on Wednesday, January 21st. Roth Mkm restated a “buy” rating and set a $5.00 price objective on shares of American Resources in a report on Monday, October 13th. D. Boral Capital reaffirmed a “buy” rating and set a $6.00 target price on shares of American Resources in a research report on Monday, December 1st. Maxim Group initiated coverage on shares of American Resources in a research report on Wednesday, November 26th. They set a “buy” rating and a $7.00 target price on the stock. Finally, William Blair started coverage on American Resources in a research report on Monday, October 20th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6.00.

American Resources Stock Up 5.4%

NASDAQ AREC opened at $3.92 on Friday. American Resources has a 52 week low of $0.38 and a 52 week high of $7.11. The company has a market capitalization of $397.45 million, a P/E ratio of -9.56 and a beta of 1.13. The stock’s 50-day moving average price is $2.99 and its 200-day moving average price is $2.75.

American Resources (NASDAQ:AREC) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.01 million. Research analysts anticipate that American Resources will post -0.38 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Properties Ltd. Golden sold 290,000 shares of American Resources stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $4.13, for a total transaction of $1,197,700.00. Following the completion of the transaction, the insider directly owned 10,288,832 shares in the company, valued at approximately $42,492,876.16. This trade represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 1,564,818 shares of company stock worth $6,344,379 over the last quarter. 16.80% of the stock is owned by company insiders.

Institutional Trading of American Resources

Several institutional investors have recently bought and sold shares of AREC. Northwest Financial Advisors acquired a new stake in shares of American Resources during the 3rd quarter worth approximately $27,000. Belvedere Trading LLC purchased a new stake in American Resources in the third quarter valued at approximately $30,000. Creative Planning lifted its stake in American Resources by 65.5% during the 2nd quarter. Creative Planning now owns 37,892 shares of the company’s stock worth $31,000 after acquiring an additional 15,000 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of American Resources in the second quarter valued at $33,000. Finally, Nomura Holdings Inc. purchased a new position in shares of American Resources in the 3rd quarter valued at about $33,000. 9.32% of the stock is owned by institutional investors and hedge funds.

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.