American Resources Corporation to Issue Dividend of $0.04 (NASDAQ:AREC)

American Resources Corporation (NASDAQ:AREC) announced a dividend on Friday, July 24th. Shareholders of record on Saturday, August 15th will be paid a dividend of 0.0431 per share on Tuesday, August 25th. The ex-dividend date is Friday, August 14th.

American Resources Stock Performance

Shares of AREC traded down $0.03 during mid-day trading on Friday, reaching $1.74. 1,384,095 shares of the company’s stock traded hands, compared to its average volume of 3,497,313. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.19 and a current ratio of 2.19. The business’s 50-day moving average price is $2.06 and its 200-day moving average price is $2.60. The stock has a market capitalization of $186.13 million, a P/E ratio of -4.24 and a beta of 1.11. American Resources has a 12 month low of $1.00 and a 12 month high of $7.11.

American Resources (NASDAQ:AREC) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $0.75 earnings per share (EPS) for the quarter. The business had revenue of ($0.10) million during the quarter. Equities analysts predict that American Resources will post -0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AREC has been the subject of several recent analyst reports. Weiss Ratings cut American Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Wall Street Zen lowered shares of American Resources from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Resources presently has a consensus rating of “Moderate Buy” and an average price target of $6.00.

American Resources Company Profile

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.