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

American Resources Corporation (NASDAQ:AREC - Get Free Report) has earned an average rating of "Moderate Buy" from the five research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.00.

Several research firms recently commented on AREC. Weiss Ratings lowered shares of American Resources from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, June 11th. Wall Street Zen raised shares of American Resources from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th.

American Resources Stock Performance

Shares of AREC stock opened at $2.31 on Thursday. The company's fifty day moving average price is $2.20 and its 200-day moving average price is $2.37. The stock has a market cap of $247.10 million, a PE ratio of -5.63 and a beta of 1.19. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.14. American Resources has a 12 month low of $1.48 and a 12 month high of $7.11.

American Resources Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, August 25th. Investors of record on Saturday, August 15th were paid a $0.0431 dividend. The ex-dividend date was Friday, August 14th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. CTC Alternative Strategies Ltd. purchased a new stake in shares of American Resources in the first quarter worth $25,000. MSH Capital Advisors LLC purchased a new position in shares of American Resources in the 4th quarter worth about $25,000. Jump Financial LLC bought a new position in American Resources in the 4th quarter worth about $30,000. SummitTX Capital L.P. bought a new position in American Resources in the 1st quarter worth about $30,000. Finally, Creative Planning boosted its stake in American Resources by 65.5% in the 2nd quarter. Creative Planning now owns 37,892 shares of the company's stock worth $31,000 after purchasing an additional 15,000 shares in the last quarter. Hedge funds and other institutional investors own 9.32% of the company's stock.

About American Resources

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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