American Resources Corporation (NASDAQ:AREC) Stock Has Average Target Price of $6.00 According to Analysts

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

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of American Resources in a research note on Tuesday, September 8th. Wall Street Zen raised shares of American Resources from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AREC. State of Wyoming raised its stake in shares of 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 period. Kingsbury Capital Investment Advisors LLC lifted its holdings in shares of American Resources by 8.8% in the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 118,193 shares of the company’s stock worth $254,000 after acquiring an additional 9,562 shares during the last quarter. CTC Alternative Strategies Ltd. purchased a new position in shares of American Resources during the 1st quarter worth about $25,000. SummitTX Capital L.P. purchased a new position in shares of American Resources during the 1st quarter worth about $30,000. Finally, SG Americas Securities LLC grew its holdings in American Resources by 5.7% during the 1st quarter. SG Americas Securities LLC now owns 268,703 shares of the company’s stock valued at $650,000 after purchasing an additional 14,372 shares during the last quarter. Hedge funds and other institutional investors own 9.32% of the company’s stock.

American Resources Price Performance

NASDAQ AREC opened at $1.63 on Monday. American Resources has a 1-year low of $1.48 and a 1-year high of $7.11. The business has a 50 day simple moving average of $2.25 and a two-hundred day simple moving average of $2.19. The stock has a market capitalization of $174.36 million, a PE ratio of -3.98 and a beta of 1.16.

American Resources Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, August 25th. Investors of record on Saturday, August 15th were issued a $0.0431 dividend. The ex-dividend date of this dividend was Friday, August 14th.

About American Resources

American Resources Corporation (NASDAQ: AREC) is a diversified resource company focused on the production and processing of critical materials. Through its subsidiaries, the company has historically operated metallurgical and thermal coal assets in the Central Appalachian region, supplying carbon products used in steelmaking and energy generation.

American Resources has expanded beyond traditional coal operations through ReElement Technologies, which develops technologies for refining and recovering rare earth elements and other critical minerals.