American Resources (NASDAQ:AREC - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at D. Boral Capital in a report issued on Thursday,Benzinga reports. They presently have a $4.00 price objective on the stock. D. Boral Capital's price target suggests a potential upside of 225.20% from the company's current price.
Separately, Roth Mkm reduced their target price on American Resources from $5.00 to $4.00 and set a "buy" rating for the company in a report on Monday, September 30th.
Check Out Our Latest Report on American Resources
American Resources Stock Up 2.5 %
Shares of AREC stock traded up $0.03 during trading hours on Thursday, reaching $1.23. 913,903 shares of the stock traded hands, compared to its average volume of 310,723. The firm has a market capitalization of $95.23 million, a PE ratio of -3.08 and a beta of 0.17. American Resources has a 1-year low of $0.41 and a 1-year high of $1.86. The business has a fifty day moving average price of $0.96 and a 200 day moving average price of $0.85.
Institutional Inflows and Outflows
An institutional investor recently raised its position in American Resources stock. Geode Capital Management LLC grew its position in American Resources Co. (NASDAQ:AREC - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 637,722 shares of the company's stock after purchasing an additional 15,350 shares during the period. Geode Capital Management LLC owned about 0.82% of American Resources worth $580,000 at the end of the most recent quarter. 9.32% of the stock is owned by hedge funds and other institutional investors.
American Resources Company Profile
(
Get Free Report)
American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.
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