Wall Street Zen upgraded shares of American Resources (NASDAQ:AREC – Free Report) from a strong sell rating to a sell rating in a research report report published on Saturday morning.
Separately, 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. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.00.
Get Our Latest Stock Analysis on American Resources
American Resources Price Performance
American Resources (NASDAQ:AREC – Get Free Report) last announced its quarterly earnings data on Tuesday, May 19th. The company reported $0.75 EPS for the quarter. The business had revenue of ($0.10) million during the quarter. As a group, equities research analysts forecast that American Resources will post -0.34 EPS for the current fiscal year.
American Resources Announces Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Saturday, August 15th will be paid a dividend of $0.0431 per share. The ex-dividend date is Friday, August 14th.
Hedge Funds Weigh In On American Resources
Several hedge funds and other institutional investors have recently made changes to their positions in the company. OMERS ADMINISTRATION Corp increased its holdings in American Resources by 13.8% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 64,200 shares of the company’s stock worth $159,000 after buying an additional 7,800 shares during the last quarter. State of Wyoming lifted its stake in American Resources by 63.9% in the first quarter. State of Wyoming now owns 21,348 shares of the company’s stock valued at $52,000 after acquiring an additional 8,320 shares during the last quarter. MSH Capital Advisors LLC bought a new position in shares of American Resources in the 4th quarter valued at about $25,000. CTC Alternative Strategies Ltd. bought a new position in shares of American Resources in the 1st quarter valued at about $25,000. Finally, Worth Venture Partners LLC increased its stake in shares of American Resources by 45.0% during the 3rd quarter. Worth Venture Partners LLC now owns 36,250 shares of the company’s stock worth $98,000 after purchasing an additional 11,250 shares during the last quarter. 9.32% of the stock is owned by institutional investors.
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.
Read More
- Five stocks we like better than American Resources
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Receive News & Ratings for American Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Resources and related companies with MarketBeat.com's FREE daily email newsletter.
