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

D. Boral Capital reissued their buy rating on shares of American Resources (NASDAQ:AREC) in a research report released on Tuesday,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 on the stock in a research report on Monday, September 30th.

American Resources Stock Down 4.0 %

Shares of American Resources stock opened at $0.72 on Tuesday. The company has a market cap of $55.80 million, a price-to-earnings ratio of -1.85 and a beta of 0.27. The company’s 50 day moving average is $1.07 and its 200 day moving average is $0.84. American Resources has a twelve month low of $0.41 and a twelve month high of $1.78.

Institutional Inflows and Outflows

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 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 637,722 shares of the company’s stock after acquiring an additional 15,350 shares during the period. Geode Capital Management LLC owned 0.82% of American Resources worth $580,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 9.32% of the company’s stock.

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.