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

American Resources Corporation (NASDAQ:AREC) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $6.00.

AREC has been the subject of a number of research reports. Roth Mkm reissued a “buy” rating and issued a $5.00 target price on shares of American Resources in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of American Resources in a research note on Wednesday, January 21st. Maxim Group began coverage on shares of American Resources in a research report on Wednesday, November 26th. They issued a “buy” rating and a $7.00 target price on the stock. Wall Street Zen upgraded shares of American Resources from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Finally, D. Boral Capital reiterated a “buy” rating and issued a $6.00 price target on shares of American Resources in a research note on Monday, December 1st.

Insider Buying and Selling

In other news, major shareholder Properties Ltd. Golden sold 390,000 shares of American Resources stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $4.03, for a total transaction of $1,571,700.00. Following the sale, the insider directly owned 10,784,940 shares of the company’s stock, valued at approximately $43,463,308.20. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 1,564,818 shares of company stock valued at $6,344,379 in the last ninety days. 16.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AREC. Northwest Financial Advisors acquired a new stake in American Resources during the 3rd quarter worth approximately $27,000. Belvedere Trading LLC acquired a new position in shares of American Resources during the third quarter worth $30,000. Creative Planning grew its stake in shares of American Resources by 65.5% in 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 last quarter. XTX Topco Ltd acquired a new stake in American Resources in the second quarter valued at $33,000. Finally, Nomura Holdings Inc. bought a new position in American Resources during the 3rd quarter worth $33,000. Institutional investors own 9.32% of the company’s stock.

American Resources Stock Performance

Shares of AREC stock opened at $3.16 on Wednesday. American Resources has a fifty-two week low of $0.38 and a fifty-two week high of $7.11. The stock’s fifty day moving average price is $3.04 and its two-hundred day moving average price is $2.80. The company has a market cap of $320.39 million, a PE ratio of -7.71 and a beta of 1.17.

American Resources (NASDAQ:AREC) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.05. The business had revenue of $0.05 million for the quarter, compared to the consensus estimate of $0.01 million. On average, equities analysts predict that American Resources will post -0.38 EPS for the current fiscal year.

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.