American Resources (NASDAQ:AREC) Price Target Cut to $4.00

American Resources (NASDAQ:AREC) had its price target decreased by stock analysts at Roth Mkm from $5.00 to $4.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price objective indicates a potential upside of 354.55% from the stock’s current price.

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 Performance

NASDAQ AREC opened at $0.88 on Monday. American Resources has a 12-month low of $0.41 and a 12-month high of $1.86. The firm has a 50-day moving average price of $0.57 and a two-hundred day moving average price of $0.96. The company has a market capitalization of $69.68 million, a P/E ratio of -6.83 and a beta of 0.15. The company has a quick ratio of 0.13, a current ratio of 0.23 and a debt-to-equity ratio of 230.66.

American Resources (NASDAQ:AREC) last released its earnings results on Monday, August 19th. The company reported ($0.09) earnings per share 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 prior year, the company earned ($0.01) EPS. Analysts anticipate that American Resources will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.