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American Resources (AREC) Stock Forecast & Price Target

$0.64
-0.01 (-1.08%)
(As of 10:14 AM ET)

American Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 3 Wall Street analysts who have issued ratings for American Resources in the last 12 months, the stock has a consensus rating of "Buy." Out of the 3 analysts, 2 have given a buy rating, and 1 has given a strong buy rating for AREC.

Consensus Price Target

$4.13
544.53% Upside
High Forecast$5.00
Average Forecast$4.13
Low Forecast$3.25

According to the 3 analysts' twelve-month price targets for American Resources, the average price target is $4.13. The highest price target for AREC is $5.00, while the lowest price target for AREC is $3.25. The average price target represents a forecasted upside of 544.53% from the current price of $0.64.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Buy
Buy
Buy
Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$4.13$4.13$3.25$3.50
Forecasted Upside544.53% Upside189.47% Upside101.86% Upside134.90% Upside
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AREC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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AREC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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American Resources Stock vs. The Competition

TypeAmerican ResourcesBasic Materials CompaniesS&P 500
Consensus Rating Score
3.33
2.64
2.51
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside537.56% Upside305.92% Upside9.25% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/3/2024EF Hutton Acquisition Co. I
1 of 5 stars
T. Moore
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeStrong-Buy
5/24/2024Roth Mkm
1 of 5 stars
 Reiterated RatingBuy ➝ Buy$5.00 ➝ $5.00+303.22%
11/16/2023HC Wainwright
3 of 5 stars
 Lower TargetBuy ➝ Buy$3.50 ➝ $3.25+101.86%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:48 AM ET.

AREC Forecast - Frequently Asked Questions

What is American Resources' forecast for 2024?

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for American Resources is $4.13, with a high forecast of $5.00 and a low forecast of $3.25.

Should I buy or sell American Resources stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for American Resources in the last year. There are currently 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AREC shares.

Does American Resources's stock price have much upside?

According to analysts, American Resources's stock has a predicted upside of 189.47% based on their 12-month stock forecasts.

Has American Resources been upgraded by Wall Street analysts recently?

Over the previous 90 days, American Resources's stock had 1 upgrade by analysts.

What analysts cover American Resources?

American Resources has been rated by research analysts at EF Hutton Acquisition Co. I, and Roth Mkm in the past 90 days.

Do Wall Street analysts like American Resources more than its competitors?

Analysts like American Resources more than other "basic materials" companies. The consensus rating for American Resources is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how AREC compares to other companies.


This page (NASDAQ:AREC) was last updated on 7/23/2024 by MarketBeat.com Staff

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