American Resources (NASDAQ:AREC) Now Covered by D. Boral Capital

Key Points

• D. Boral Capital has reiterated its "buy" rating for American Resources (AREC) with a target price of $6.00, suggesting a significant potential upside of 195.57% from the previous close.
• Separate from this, Wall Street Zen upgraded the stock from a "sell" to a "hold" rating, indicating a positive shift in analyst sentiment towards American Resources.
• American Resources reported a loss per share of ($0.10) for the last quarter, missing analyst expectations, with revenue significantly below forecasts at only $0.01 million.

Analysts at D. Boral Capital assumed coverage on shares of American Resources (NASDAQ:AREC - Get Free Report) in a research note issued to investors on Monday, MarketBeat.com reports. The firm set a "buy" rating and a $6.00 price target on the stock. D. Boral Capital's price target would suggest a potential upside of 195.57% from the company's previous close.

Separately, Wall Street Zen raised American Resources from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, American Resources presently has an average rating of "Buy" and a consensus price target of $5.00.

American Resources Price Performance

American Resources stock opened at $2.03 on Monday. American Resources has a one year low of $0.38 and a one year high of $2.49. The business has a fifty day moving average price of $1.52 and a 200-day moving average price of $1.01. The firm has a market capitalization of $171.76 million, a P/E ratio of -4.14 and a beta of 1.01.

American Resources (NASDAQ:AREC - Get Free Report) last released its earnings results on Tuesday, August 19th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.05). The firm had revenue of $0.01 million during the quarter, compared to the consensus estimate of $16.40 million. Sell-side analysts expect that American Resources will post -0.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC grew its position in American Resources by 84.5% during the fourth quarter. Jane Street Group LLC now owns 43,809 shares of the company's stock worth $44,000 after buying an additional 20,070 shares during the period. Virtu Financial LLC lifted its stake in shares of American Resources by 271.3% during the first quarter. Virtu Financial LLC now owns 101,913 shares of the company's stock valued at $48,000 after buying an additional 74,464 shares during the period. Creative Planning raised its stake in American Resources by 65.5% during 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 period. JPMorgan Chase & Co. raised its stake in American Resources by 86,418.3% during the second quarter. JPMorgan Chase & Co. now owns 122,856 shares of the company's stock worth $102,000 after purchasing an additional 122,714 shares during the period. Finally, XTX Topco Ltd purchased a new position in American Resources during the second quarter worth approximately $33,000. 9.32% of the stock is currently owned by institutional investors and hedge funds.

American Resources Company Profile

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.