American Resources Corporation (AREC) – What Are Brokerages Thinking About This Stock?

Shares of American Resources Corporation (NASDAQ:AREC) have been given an average rating of “Moderate Buy” by the five research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.00.

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of American Resources from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday. Wall Street Zen upgraded American Resources from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th.

American Resources Price Performance

American Resources stock opened at $1.59 on Monday. The firm has a market capitalization of $170.08 million, a PE ratio of -3.88 and a beta of 1.16. American Resources has a fifty-two week low of $1.48 and a fifty-two week high of $7.11. The company’s 50-day moving average is $2.25 and its 200-day moving average is $2.18.

American Resources Announces Dividend

The company also recently announced 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.

Hedge Funds Weigh In On American Resources

Several hedge funds have recently modified their holdings of the company. HITE Hedge Asset Management LLC bought a new stake in American Resources in the fourth quarter worth about $5,750,000. Bank of America Corp DE lifted its position in American Resources by 458.9% in the 1st quarter. Bank of America Corp DE now owns 410,230 shares of the company’s stock worth $993,000 after buying an additional 336,829 shares during the last quarter. SG Americas Securities LLC increased its stake in American Resources by 5.7% in the 1st quarter. SG Americas Securities LLC now owns 268,703 shares of the company’s stock worth $650,000 after purchasing an additional 14,372 shares during the period. Kingsbury Capital Investment Advisors LLC lifted its holdings in American Resources by 8.8% in the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 118,193 shares of the company’s stock worth $254,000 after buying an additional 9,562 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of American Resources by 55,112.2% in the 2nd quarter. Tidal Investments LLC now owns 49,691 shares of the company’s stock valued at $107,000 after purchasing an additional 49,601 shares during the period. Institutional investors own 9.32% of the company’s stock.

About American Resources

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.