American Resources Corporation (NASDAQ:AREC) Receives Average Rating of “Moderate Buy” from Brokerages

American Resources Corporation (NASDAQ:AREC) has received an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $6.00.

Several brokerages have commented on AREC. Wall Street Zen raised American Resources from a “strong sell” rating to a “sell” rating in a research report on Saturday. Weiss Ratings downgraded American Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th.

American Resources Stock Up 2.1%

Shares of NASDAQ:AREC opened at $2.88 on Friday. The firm has a market capitalization of $308.07 million, a PE ratio of -7.02 and a beta of 1.16. The business has a 50 day simple moving average of $2.05 and a two-hundred day simple moving average of $2.45. American Resources has a 1 year low of $1.18 and a 1 year high of $7.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.19 and a quick ratio of 2.19.

American Resources (NASDAQ:AREC) last issued its quarterly 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 during the quarter. On average, equities analysts predict that American Resources will post -0.34 EPS for the current year.

American Resources Dividend Announcement

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

Institutional Investors Weigh In On American Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HITE Hedge Asset Management LLC purchased a new stake in American Resources in the 4th quarter valued at about $5,750,000. Millennium Management LLC bought a new stake in shares of American Resources during the third quarter valued at approximately $1,524,000. Goldman Sachs Group Inc. boosted its holdings in shares of American Resources by 354.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 560,986 shares of the company’s stock valued at $1,391,000 after purchasing an additional 437,578 shares during the period. Bank of America Corp DE boosted its holdings in shares of American Resources by 458.9% in the first quarter. Bank of America Corp DE now owns 410,230 shares of the company’s stock valued at $993,000 after purchasing an additional 336,829 shares during the period. Finally, Two Sigma Investments LP bought a new position in American Resources in the third quarter worth approximately $790,000. Institutional investors own 9.32% of the company’s stock.

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.