American Resources (NASDAQ:AREC) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of American Resources (NASDAQ:AREC) from a hold rating to a sell rating in a research report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Resources in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.00.

American Resources Price Performance

AREC opened at $2.45 on Friday. The business’s 50-day moving average is $3.02 and its two-hundred day moving average is $3.19. American Resources has a 1 year low of $0.38 and a 1 year high of $7.11. The firm has a market capitalization of $261.98 million, a PE ratio of -5.98 and a beta of 1.20.

Institutional Investors Weigh In On American Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC purchased a new stake in shares of American Resources during the third quarter worth about $429,000. MSH Capital Advisors LLC acquired a new position in shares of American Resources during the fourth quarter valued at about $25,000. Novare Capital Management LLC purchased a new position in shares of American Resources in the 4th quarter valued at approximately $124,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of American Resources in the 4th quarter valued at approximately $66,000. Finally, Certuity LLC acquired a new stake in American Resources in the 4th quarter worth approximately $39,000. 9.32% of the stock is currently owned by hedge funds and other institutional investors.

American Resources Company Profile

American Resources Corporation (NASDAQ:AREC) is a diversified energy and critical minerals company focused on reclaiming coal refuse and mining high‐quality steam and metallurgical coal. The firm employs a vertically integrated business model that encompasses raw material extraction, on‐site processing and product delivery, supplying coal to power generators, steel manufacturers and industrial users.

Operating primarily in the Central Appalachian region of the United States, American Resources holds mining leases and reclamation permits across multiple sites in Kentucky, West Virginia and Indiana.