American Resources (NASDAQ:AREC) Price Target Cut to $4.00 by Analysts at Roth Mkm

American Resources (NASDAQ:AREC - Get Free Report) had its price target lowered by Roth Mkm from $5.00 to $4.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Roth Mkm's target price indicates a potential upside of 339.56% from the stock's previous close.

Separately, EF Hutton Acquisition Co. I upgraded shares of American Resources to a "strong-buy" rating in a research report on Monday, June 3rd.

American Resources Stock Down 2.0 %

AREC stock traded down $0.02 during midday trading on Monday, hitting $0.91. 599,322 shares of the company's stock were exchanged, compared to its average volume of 309,550. The company has a current ratio of 0.23, a quick ratio of 0.13 and a debt-to-equity ratio of 230.66. The firm has a 50 day moving average price of $0.57 and a 200-day moving average price of $0.96. The stock has a market capitalization of $72.05 million, a price-to-earnings ratio of -7.00 and a beta of 0.15. American Resources has a 12-month low of $0.41 and a 12-month high of $1.86.

American Resources (NASDAQ:AREC - Get Free Report) last announced its earnings results on Monday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the company earned ($0.01) EPS. On average, analysts anticipate that American Resources will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Resources stock. Vanguard Group Inc. raised its position in American Resources Co. (NASDAQ:AREC - Free Report) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,988,101 shares of the company's stock after purchasing an additional 216,800 shares during the quarter. Vanguard Group Inc. owned 3.77% of American Resources worth $4,213,000 as of its most recent SEC filing. 9.32% of the stock is owned by institutional investors and hedge funds.

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.