American Resources (NASDAQ:AREC – Free Report) had its price target lowered by Roth Mkm from $5.00 to $4.00 in a report published on Monday morning, Benzinga reports. Roth Mkm currently has a buy rating on the stock.
Separately, EF Hutton Acquisition Co. I raised American Resources to a strong-buy rating in a research report on Monday, June 3rd.
Get Our Latest Analysis on AREC
American Resources Price Performance
American Resources (NASDAQ:AREC – Get Free Report) last released its quarterly 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 quarter in the prior year, the firm earned ($0.01) EPS. On average, sell-side analysts predict that American Resources will post -0.13 EPS for the current year.
Institutional Trading of American Resources
A hedge fund recently raised its stake in American Resources stock. Vanguard Group Inc. increased its position in American Resources Co. (NASDAQ:AREC – Free Report) by 7.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,988,101 shares of the company’s stock after purchasing an additional 216,800 shares during the quarter. Vanguard Group Inc. owned approximately 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.
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