American Resources Corporation (NASDAQ:AREC – Get Free Report) has received an average rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $6.00.
A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of American Resources from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Weiss Ratings cut shares of American Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th.
Get Our Latest Analysis on AREC
Institutional Investors Weigh In On American Resources
American Resources Stock Up 10.8%
Shares of AREC opened at $1.74 on Wednesday. The firm has a market capitalization of $186.13 million, a price-to-earnings ratio of -4.24 and a beta of 1.11. 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 fifty day moving average price is $2.08 and its two-hundred day moving average price is $2.61. American Resources has a 52 week low of $1.00 and a 52 week high of $7.11.
American Resources (NASDAQ:AREC – Get Free Report) last released its earnings results on Tuesday, May 19th. The company reported $0.75 earnings per share for the quarter. The firm had revenue of ($0.10) million for the quarter. On average, analysts predict that American Resources will post -0.34 earnings per share for the current year.
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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