American Resources Corporation (NASDAQ:AREC) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have given American Resources an average rating of "Moderate Buy" from five analysts (four buys, one sell), with an average 1‑year price target of $6.00.
• Several institutions have recently increased or initiated positions—Vanguard now owns 3,124,973 shares—and hedge funds/institutions collectively hold about 9.32% of the company.
• Shares opened at $2.19, trade in a 52‑week range of $0.48–$7.11, and the company has a market cap of $234.18 million with a negative P/E of -5.34.

Shares of American Resources Corporation (NASDAQ:AREC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $6.00.

A number of equities analysts have issued reports on AREC shares. Wall Street Zen cut shares of American Resources from a "hold" rating to a "sell" rating in a research report on Saturday, April 4th. Weiss Ratings reiterated a "sell (d-)" rating on shares of American Resources in a report on Wednesday, January 21st.

Institutional Investors Weigh In On American Resources

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in American Resources by 4.0% in the third quarter. Vanguard Group Inc. now owns 3,124,973 shares of the company's stock worth $8,437,000 after acquiring an additional 120,065 shares during the period. HITE Hedge Asset Management LLC purchased a new stake in shares of American Resources in the 4th quarter worth about $5,750,000. Geode Capital Management LLC boosted its stake in shares of American Resources by 23.4% during the 4th quarter. Geode Capital Management LLC now owns 851,394 shares of the company's stock valued at $2,112,000 after purchasing an additional 161,221 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of American Resources by 12.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 633,898 shares of the company's stock valued at $1,572,000 after purchasing an additional 69,944 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of American Resources during the third quarter valued at about $1,524,000. Hedge funds and other institutional investors own 9.32% of the company's stock.

American Resources Stock Performance

Shares of American Resources stock opened at $2.19 on Monday. American Resources has a 52-week low of $0.48 and a 52-week high of $7.11. The company's 50 day moving average price is $2.87 and its 200-day moving average price is $3.18. The stock has a market capitalization of $234.18 million, a price-to-earnings ratio of -5.34 and a beta of 1.20.

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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