American Resources Corporation (NASDAQ:AREC) Stock Has Average Target Price of $6.00

Key Points

• Analyst sentiment is moderately positive: Five firms give American Resources a consensus “Moderate Buy” rating, with four buys and one sell, and an average 12-month price target of $6.00 versus a recent price of $1.79.
• AREC remains a volatile, loss-making stock: Shares have traded between $1.48 and $7.11 over the past year, while the company reported a negative price-to-earnings ratio of -4.37 and a market capitalization of about $191.5 million.
• Institutional ownership is limited but some funds increased positions: Hedge funds and institutions own approximately 9.32% of the stock, while American Resources continues developing critical-mineral and rare-earth processing operations through ReElement Technologies alongside its coal assets.

Shares of American Resources Corporation (NASDAQ:AREC - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $6.00.

AREC has been the topic of a number of research reports. Weiss Ratings restated a "sell (d+)" rating on shares of American Resources in a research report on Tuesday, September 8th. Wall Street Zen upgraded American Resources from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th.

American Resources Stock Performance

Shares of NASDAQ AREC opened at $1.79 on Monday. The company has a market cap of $191.48 million, a price-to-earnings ratio of -4.37 and a beta of 1.16. American Resources has a 12 month low of $1.48 and a 12 month high of $7.11. The stock has a 50-day moving average price of $2.26 and a two-hundred day moving average price of $2.22.

American Resources Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, August 25th. Stockholders of record on Saturday, August 15th were paid a $0.0431 dividend. The ex-dividend date of this dividend was Friday, August 14th.

Institutional Investors Weigh In On American Resources

Several hedge funds have recently added to or reduced their stakes in AREC. CTC Alternative Strategies Ltd. acquired a new position in American Resources in the 1st quarter valued at approximately $25,000. SummitTX Capital L.P. acquired a new position in shares of American Resources during the first quarter worth $30,000. State of Wyoming grew its stake in shares of American Resources by 63.9% in the first quarter. State of Wyoming now owns 21,348 shares of the company's stock worth $52,000 after purchasing an additional 8,320 shares during the last quarter. Tidal Investments LLC grew its stake in shares of American Resources by 55,112.2% in the second quarter. Tidal Investments LLC now owns 49,691 shares of the company's stock worth $107,000 after purchasing an additional 49,601 shares during the last quarter. Finally, Kingsbury Capital Investment Advisors LLC increased its holdings in American Resources by 8.8% in the second quarter. Kingsbury Capital Investment Advisors LLC now owns 118,193 shares of the company's stock valued at $254,000 after purchasing an additional 9,562 shares during the period. 9.32% of the stock is currently owned by institutional investors and hedge funds.

American Resources Company Profile

American Resources Corporation NASDAQ: AREC is a diversified resource company focused on the production and processing of critical materials. Through its subsidiaries, the company has historically operated metallurgical and thermal coal assets in the Central Appalachian region, supplying carbon products used in steelmaking and energy generation.

American Resources has expanded beyond traditional coal operations through ReElement Technologies, which develops technologies for refining and recovering rare earth elements and other critical minerals.

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