American Resources’ (AREC) “Buy” Rating Reiterated at D. Boral Capital

D. Boral Capital reaffirmed their buy rating on shares of American Resources (NASDAQ:AREC) in a report issued on Thursday morning,Benzinga reports. The firm currently has a $4.00 price target on the stock.

Separately, Roth Mkm lowered 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 Price Performance

NASDAQ:AREC opened at $1.20 on Thursday. The business’s 50-day simple moving average is $0.96 and its 200-day simple moving average is $0.85. American Resources has a fifty-two week low of $0.41 and a fifty-two week high of $1.86. The stock has a market capitalization of $92.90 million, a PE ratio of -3.08 and a beta of 0.17.

Institutional Investors Weigh In On American Resources

An institutional investor recently raised its position in American Resources stock. Geode Capital Management LLC grew its holdings in American Resources Co. (NASDAQ:AREC) by 2.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 quarter. 9.32% of the stock is owned by hedge funds and other institutional investors.

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.