American Resources Corporation (NASDAQ:AREC) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• American Resources has a “Moderate Buy” consensus rating from five analysts: four recommend buying the stock and one recommends selling it. The average 12-month price target is $6.00.
• Institutional ownership stands at 9.32%, with notable recent stake increases from Creative Planning, JPMorgan Chase and Vanguard, while Jane Street and XTX Topco initiated positions.
• The stock opened at $2.88, compared with a 52-week range of $1.18 to $7.11. The company also declared a $0.0431-per-share dividend payable August 25 to shareholders of record August 15.

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

Several equities research analysts have weighed in on the company. Weiss Ratings cut American Resources from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, June 11th. Wall Street Zen raised American Resources from a "strong sell" rating to a "sell" rating in a research note on Saturday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning increased its position in American Resources by 65.5% during the second quarter. Creative Planning now owns 37,892 shares of the company's stock valued at $31,000 after acquiring an additional 15,000 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of American Resources by 86,418.3% in the second quarter. JPMorgan Chase & Co. now owns 122,856 shares of the company's stock valued at $102,000 after acquiring an additional 122,714 shares during the period. XTX Topco Ltd bought a new stake in shares of American Resources in the 2nd quarter worth about $33,000. Jane Street Group LLC bought a new stake in shares of American Resources in the 2nd quarter worth about $139,000. Finally, Vanguard Group Inc. lifted its holdings in shares of American Resources by 4.0% in the 3rd 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 last quarter. 9.32% of the stock is owned by hedge funds and other institutional investors.

American Resources Stock Performance

American Resources stock opened at $2.88 on Friday. The company's 50-day moving average price is $2.05 and its 200-day moving average price is $2.45. American Resources has a twelve month low of $1.18 and a twelve month high of $7.11. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.14. The company has a market cap of $308.07 million, a PE ratio of -7.02 and a beta of 1.16.

American Resources (NASDAQ:AREC - Get Free Report) last announced its earnings results on Tuesday, May 19th. The company reported $0.75 earnings per share (EPS) for the quarter. The business had revenue of ($0.10) million for the quarter. On average, equities research analysts forecast that American Resources will post -0.34 EPS for the current fiscal year.

American Resources Announces Dividend

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

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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