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

Shares of American Resources Corporation (NASDAQ:AREC) have received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $6.00.

Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded American Resources from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Weiss Ratings lowered American Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th.

American Resources Price Performance

AREC opened at $1.72 on Wednesday. American Resources has a 52-week low of $1.00 and a 52-week high of $7.11. The company has a 50 day moving average of $2.04 and a two-hundred day moving average of $2.57. The company has a market cap of $183.99 million, a P/E ratio of -4.20 and a beta of 1.11. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.14.

American Resources (NASDAQ:AREC) last posted its earnings results on Tuesday, May 19th. The company reported $0.75 earnings per share for the quarter. The business had revenue of ($0.10) million for the quarter. On average, analysts expect that American Resources will post -0.44 earnings per share for the current year.

American Resources Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Saturday, August 15th will be paid a dividend of $0.0431 per share. The ex-dividend date is Friday, August 14th.

Institutional Investors Weigh In On American Resources

A number of large investors have recently added to or reduced their stakes in AREC. OMERS ADMINISTRATION Corp increased its stake in American Resources by 13.8% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 64,200 shares of the company’s stock worth $159,000 after buying an additional 7,800 shares during the period. State of Wyoming boosted its position in American Resources by 63.9% in the 1st quarter. State of Wyoming now owns 21,348 shares of the company’s stock valued at $52,000 after buying an additional 8,320 shares during the last quarter. MSH Capital Advisors LLC acquired a new stake in shares of American Resources during the fourth quarter valued at about $25,000. CTC Alternative Strategies Ltd. purchased a new stake in shares of American Resources during the first quarter worth about $25,000. Finally, Worth Venture Partners LLC increased its position in shares of American Resources by 45.0% during the third quarter. Worth Venture Partners LLC now owns 36,250 shares of the company’s stock worth $98,000 after acquiring an additional 11,250 shares during the last quarter. 9.32% of the stock is 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.