American Resources (NASDAQ:AREC) Earns “Buy” Rating from D. Boral Capital

American Resources (NASDAQ:AREC)‘s stock had its “buy” rating reissued by equities researchers at D. Boral Capital in a report released on Tuesday,Benzinga reports. They presently have a $4.00 price objective on the stock. D. Boral Capital’s target price would suggest a potential upside of 455.02% from the stock’s current price.

Separately, Roth Mkm dropped their price target on American Resources from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Monday, September 30th.

American Resources Price Performance

NASDAQ AREC opened at $0.72 on Tuesday. The company has a fifty day moving average of $1.07 and a two-hundred day moving average of $0.84. The company has a market capitalization of $55.80 million, a PE ratio of -1.85 and a beta of 0.27. American Resources has a 1 year low of $0.41 and a 1 year high of $1.78.

Institutional Investors Weigh In On American Resources

An institutional investor recently raised its position in American Resources stock. Geode Capital Management LLC boosted its stake in American Resources Co. (NASDAQ:AREC) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & 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. 9.32% of the stock is currently owned by institutional investors and hedge funds.

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.