Roth Mkm Trims American Resources (NASDAQ:AREC) Target Price to $4.00

American Resources (NASDAQ:AREC) had its price target decreased by Roth Mkm from $5.00 to $4.00 in a research report report published on Monday morning, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

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

American Resources Stock Up 1.6 %

AREC stock opened at $0.97 on Monday. The company’s 50 day simple moving average is $0.59 and its 200-day simple moving average is $0.95. American Resources has a 52-week low of $0.41 and a 52-week high of $1.86. The company has a debt-to-equity ratio of 230.66, a current ratio of 0.23 and a quick ratio of 0.13. The firm has a market capitalization of $77.03 million, a P/E ratio of -7.48 and a beta of 0.15.

American Resources (NASDAQ:AREC) last released its earnings results on Monday, August 19th. The company reported ($0.09) earnings per share (EPS) 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 period in the previous year, the business posted ($0.01) earnings per share. As a group, equities research analysts anticipate that American Resources will post -0.13 EPS for the current year.

Institutional Investors Weigh In On American Resources

An institutional investor recently raised its position in American Resources stock. Vanguard Group Inc. raised its holdings in American Resources Co. (NASDAQ:AREC) by 7.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,988,101 shares of the company’s stock after acquiring an additional 216,800 shares during the quarter. Vanguard Group Inc. owned about 3.77% of American Resources worth $4,213,000 at the end of the most recent quarter. Institutional investors and hedge funds own 9.32% of the company’s stock.

About American Resources

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.