American Resources Corporation (NASDAQ:AREC) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• American Resources Corporation (NASDAQ:AREC) has an average analyst rating of “Moderate Buy” from five brokerages, with four buy ratings and one sell rating. The average 12-month price target is $6.00.
• Despite the generally positive consensus, some recent commentary has turned more cautious: Weiss Ratings reaffirmed a sell rating and Wall Street Zen downgraded the stock from hold to sell.
• The stock was trading at $2.27, down 4.6% on the day, and remains below its 12-month high of $7.11. American Resources is a diversified energy and critical minerals company focused on coal reclamation and mining in Central Appalachia.

Shares of American Resources Corporation (NASDAQ:AREC - Get Free Report) have earned an average rating of "Moderate Buy" from the five ratings firms that are presently covering the firm, Marketbeat reports. One equities 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 brokerages that have updated their coverage on the stock in the last year is $6.00.

Several brokerages have recently commented on AREC. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of American Resources in a report on Monday, April 20th. Wall Street Zen lowered shares of American Resources from a "hold" rating to a "sell" rating in a research report on Saturday, April 4th.

American Resources Trading Down 4.6%

Shares of AREC opened at $2.27 on Friday. American Resources has a 12 month low of $0.61 and a 12 month high of $7.11. The firm's 50 day moving average is $2.61 and its 200-day moving average is $2.99. The stock has a market capitalization of $242.73 million, a PE ratio of -5.54 and a beta of 1.14.

Institutional Trading of American Resources

Large investors have recently made changes to their positions in the company. MSH Capital Advisors LLC acquired a new stake in shares of American Resources during the 4th quarter worth approximately $25,000. Northwest Financial Advisors acquired a new stake in shares of American Resources during the 3rd quarter worth approximately $27,000. Belvedere Trading LLC acquired a new stake in shares of American Resources during the 3rd quarter worth approximately $30,000. Jump Financial LLC acquired a new stake in shares of American Resources during the 4th quarter worth approximately $30,000. Finally, Creative Planning boosted its position in shares of 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. Institutional investors and hedge funds 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.

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