American Resources (NASDAQ:AREC – Get Free Report) released its quarterly earnings data on Monday. The company reported $0.75 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.85, FiscalAI reports. The business had revenue of ($0.10) million during the quarter, compared to the consensus estimate of $1.00 million.
American Resources Price Performance
AREC stock opened at $1.96 on Friday. American Resources has a 52-week low of $0.83 and a 52-week high of $7.11. The firm has a market capitalization of $209.66 million, a price-to-earnings ratio of -4.78 and a beta of 1.11. The firm has a 50 day moving average price of $2.21 and a 200-day moving average price of $2.68. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.19 and a current ratio of 2.19.
Hedge Funds Weigh In On American Resources
Several large investors have recently modified their holdings of AREC. Creative Planning grew its position in American Resources by 65.5% during the 2nd quarter. Creative Planning now owns 37,892 shares of the company’s stock valued at $31,000 after purchasing an additional 15,000 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in American Resources by 86,418.3% in the second quarter. JPMorgan Chase & Co. now owns 122,856 shares of the company’s stock worth $102,000 after buying an additional 122,714 shares during the last quarter. XTX Topco Ltd bought a new position in shares of American Resources in the second quarter worth approximately $33,000. Jane Street Group LLC purchased a new stake in shares of American Resources during the second quarter valued at approximately $139,000. Finally, Vanguard Group Inc. grew its holdings in shares of American Resources by 4.0% during the third quarter. Vanguard Group Inc. now owns 3,124,973 shares of the company’s stock valued at $8,437,000 after buying an additional 120,065 shares during the last quarter. Hedge funds and other institutional investors own 9.32% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Report on AREC
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.
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