American Resources (NASDAQ:AREC) Receives "Buy" Rating from D. Boral Capital

D. Boral Capital restated their buy rating on shares of American Resources (NASDAQ:AREC - Free Report) in a research note released on Tuesday morning,Benzinga reports. The firm currently has a $4.00 price objective on the stock.

Separately, Roth Mkm reduced their price objective on shares of American Resources from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Monday, September 30th.

American Resources Stock Performance

AREC traded down $0.03 during trading on Tuesday, hitting $0.75. The stock had a trading volume of 349,947 shares, compared to its average volume of 1,390,135. The firm has a market capitalization of $58.10 million, a P/E ratio of -1.92 and a beta of 0.27. American Resources has a twelve month low of $0.41 and a twelve month high of $1.78. The company's 50-day moving average price is $1.09 and its 200 day moving average price is $0.84.

Institutional Investors Weigh In On American Resources

An institutional investor recently raised its position in American Resources stock. Geode Capital Management LLC raised its position in American Resources Co. (NASDAQ:AREC - Free Report) by 2.5% during the 3rd quarter, according to its most recent disclosure with the 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 reporting period. Hedge funds and other institutional investors own 9.32% of the company's stock.

American Resources Company Profile

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.