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

D. Boral Capital reaffirmed their buy rating on shares of American Resources (NASDAQ:AREC) in a research note released on Tuesday morning,Benzinga reports. D. Boral Capital currently has a $4.00 price objective on the stock.

Separately, Roth Mkm decreased 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 Price Performance

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

Institutional Trading of American Resources

A hedge fund recently raised its stake in American Resources stock. Geode Capital Management LLC boosted its stake in shares of American Resources Co. (NASDAQ:AREC) by 2.5% in the 3rd quarter, according to 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 period. Geode Capital Management LLC owned 0.82% of American Resources worth $580,000 at the end of the most recent quarter. 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.