American Resources Co. (NASDAQ:AREC - Free Report) - Analysts at Roth Capital lowered their Q3 2024 earnings estimates for shares of American Resources in a note issued to investors on Monday, September 30th. Roth Capital analyst M. Niehuser now anticipates that the company will post earnings per share of ($0.10) for the quarter, down from their previous forecast of ($0.02). The consensus estimate for American Resources' current full-year earnings is ($0.13) per share. Roth Capital also issued estimates for American Resources' Q4 2024 earnings at ($0.09) EPS, FY2024 earnings at ($0.36) EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at $0.00 EPS and FY2025 earnings at $0.06 EPS.
Separately, Roth Mkm decreased their price target on American Resources from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Monday.
Read Our Latest Report on American Resources
American Resources Stock Up 1.6 %
Shares of NASDAQ:AREC traded up $0.02 during midday trading on Wednesday, reaching $0.97. The company had a trading volume of 216,973 shares, compared to its average volume of 309,128. American Resources has a 1-year low of $0.41 and a 1-year high of $1.86. The stock has a market cap of $77.03 million, a PE ratio of -7.48 and a beta of 0.15. The company has a quick ratio of 0.13, a current ratio of 0.23 and a debt-to-equity ratio of 230.66. The business's 50 day moving average price is $0.59 and its 200 day moving average price is $0.95.
American Resources (NASDAQ:AREC - Get Free Report) last released its earnings results on Monday, August 19th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.04). American Resources had a negative net margin of 332.74% and a negative return on equity of 978.72%. During the same quarter in the prior year, the company posted ($0.01) earnings per share.
Institutional Investors Weigh In On American Resources
A hedge fund recently raised its stake in American Resources stock. Vanguard Group Inc. raised its holdings in American Resources Co. (NASDAQ:AREC - Free Report) by 7.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,988,101 shares of the company's stock after buying an additional 216,800 shares during the period. Vanguard Group Inc. owned about 3.77% of American Resources worth $4,213,000 at the end of the most recent quarter. 9.32% of the stock is currently owned by institutional investors and hedge funds.
About American Resources
(
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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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