American Resources Corporation (NASDAQ:AREC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of American Resources Corporation (NASDAQ:AREC) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $6.00.

Several analysts have commented on the company. Weiss Ratings downgraded American Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Wall Street Zen upgraded American Resources from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th.

Institutional Trading of American Resources

A number of institutional investors have recently made changes to their positions in AREC. OMERS ADMINISTRATION Corp boosted its holdings in shares of American Resources by 13.8% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 64,200 shares of the company’s stock valued at $159,000 after acquiring an additional 7,800 shares during the last quarter. State of Wyoming raised its holdings in shares of American Resources by 63.9% during the first quarter. State of Wyoming now owns 21,348 shares of the company’s stock valued at $52,000 after purchasing an additional 8,320 shares during the last quarter. Kingsbury Capital Investment Advisors LLC lifted its position in American Resources by 8.8% during 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. MSH Capital Advisors LLC bought a new position in American Resources during the fourth quarter valued at approximately $25,000. Finally, CTC Alternative Strategies Ltd. purchased a new stake in American Resources in the first quarter worth approximately $25,000. Hedge funds and other institutional investors own 9.32% of the company’s stock.

American Resources Price Performance

Shares of AREC opened at $2.31 on Thursday. American Resources has a twelve month low of $1.48 and a twelve month high of $7.11. The company has a market capitalization of $247.10 million, a P/E ratio of -5.63 and a beta of 1.19. The firm has a 50 day moving average of $2.20 and a 200 day moving average of $2.37. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.14.

American Resources Announces Dividend

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

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.