Roth Mkm Cuts American Resources (NASDAQ:AREC) Price Target to $4.00

American Resources (NASDAQ:AREC) had its price target lowered by investment analysts at Roth Mkm from $5.00 to $4.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s target price would indicate a potential upside of 317.80% from the stock’s current price.

Separately, EF Hutton Acquisition Co. I upgraded American Resources to a “strong-buy” rating in a research report on Monday, June 3rd.

American Resources Stock Performance

Shares of AREC stock opened at $0.96 on Monday. The company has a market cap of $75.81 million, a price-to-earnings ratio of -7.36 and a beta of 0.15. American Resources has a 12-month low of $0.41 and a 12-month high of $1.86. The stock has a 50 day simple moving average of $0.58 and a 200-day simple moving average of $0.95. The company has a current ratio of 0.23, a quick ratio of 0.13 and a debt-to-equity ratio of 230.66.

American Resources (NASDAQ:AREC) last issued its 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 previous year, the firm earned ($0.01) earnings per share. On average, equities analysts forecast that American Resources will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Resources stock. Vanguard Group Inc. grew its stake in American Resources Co. (NASDAQ:AREC) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,988,101 shares of the company’s stock after acquiring an additional 216,800 shares during the quarter. Vanguard Group Inc. owned about 3.77% of American Resources worth $4,213,000 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.