American Resources (NASDAQ:AREC) Given “Buy” Rating at D. Boral Capital

American Resources (NASDAQ:AREC)‘s stock had its “buy” rating reiterated by stock analysts at D. Boral Capital in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $4.00 target price on the stock. D. Boral Capital’s price target indicates a potential upside of 455.02% from the stock’s previous close.

Separately, Roth Mkm dropped their target price on shares of American Resources from $5.00 to $4.00 and set a “buy” rating for the company in a report on Monday, September 30th.

American Resources Stock Performance

Shares of NASDAQ AREC opened at $0.72 on Tuesday. American Resources has a one year low of $0.41 and a one year high of $1.78. The firm has a market capitalization of $55.80 million, a P/E ratio of -1.85 and a beta of 0.27. The company’s fifty day moving average is $1.07 and its two-hundred day moving average is $0.84.

Hedge Funds Weigh In On American Resources

An institutional investor recently raised its position in American Resources stock. Geode Capital Management LLC increased its holdings in American Resources Co. (NASDAQ:AREC) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 637,722 shares of the company’s stock after acquiring an additional 15,350 shares during the quarter. Geode Capital Management LLC owned approximately 0.82% of American Resources worth $580,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors 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.