American Resources Corporation (NASDAQ:AREC) Given Average Rating of “Moderate Buy” by Brokerages

American Resources Corporation (NASDAQ:AREC) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $6.00.

AREC has been the topic of several analyst reports. D. Boral Capital reaffirmed a “buy” rating and set a $6.00 price target on shares of American Resources in a research report on Monday, December 1st. Weiss Ratings restated a “sell (d-)” rating on shares of American Resources in a research note on Wednesday, January 21st. Maxim Group started coverage on shares of American Resources in a report on Wednesday, November 26th. They issued a “buy” rating and a $7.00 target price on the stock. Finally, Wall Street Zen upgraded shares of American Resources from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd.

American Resources Trading Up 4.2%

NASDAQ AREC opened at $2.70 on Thursday. American Resources has a 12 month low of $0.38 and a 12 month high of $7.11. The stock has a 50 day moving average of $3.26 and a 200-day moving average of $3.18. The company has a market cap of $288.70 million, a PE ratio of -6.59 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MSH Capital Advisors LLC acquired a new stake in shares of American Resources during the fourth quarter worth $25,000. Northwest Financial Advisors acquired a new position in shares of American Resources in the third quarter valued at about $27,000. Belvedere Trading LLC bought a new position in American Resources during the third quarter worth about $30,000. Jump Financial LLC bought a new position in American Resources during the fourth quarter worth about $30,000. Finally, Nomura Holdings Inc. acquired a new stake in American Resources in the 3rd quarter worth about $33,000. 9.32% of the stock is currently owned by institutional investors.

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.