American Resources Corporation (NASDAQ:AREC) Given Consensus Rating of “Strong Buy” by Brokerages

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American Resources Corporation (NASDAQ:AREC) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a one year consensus price objective of $1.50 for the company, according to Zacks. Zacks has also assigned American Resources an industry rank of 148 out of 256 based on the ratings given to its competitors.

Separately, Maxim Group assumed coverage on American Resources in a report on Tuesday, September 10th. They set a “buy” rating and a $1.50 price objective on the stock.

AREC stock traded down $0.02 during midday trading on Friday, hitting $0.68. 5,783 shares of the company’s stock were exchanged, compared to its average volume of 159,573. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.12 and a current ratio of 0.12. American Resources has a 12-month low of $0.48 and a 12-month high of $14.00.

American Resources Company Profile

American Resources Corporation engages in the extraction, processing, transportation, and selling of metallurgical coal and pulverized coal injection for the steel making process. The company also provides high-BTU, low sulfur, and low moisture bituminous coal used for various industries, including industrial customers; and specialty products and thermal coal that is used for electricity generation.

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