Brokerages Set $1.50 Price Target for American Resources Corporation (NASDAQ:AREC)

American Resources Corporation (NASDAQ:AREC) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus target price of $1.50 for the company, according to Zacks. Zacks has also assigned American Resources an industry rank of 156 out of 256 based on the ratings given to related companies.

Separately, Maxim Group started coverage on American Resources in a report on Tuesday, September 10th. They issued a “buy” rating and a $1.50 price objective for the company.

Shares of AREC stock traded down $0.01 on Friday, hitting $0.68. The company had a trading volume of 69,145 shares, compared to its average volume of 145,899. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.12 and a quick ratio of 0.12. American Resources has a twelve month low of $0.48 and a twelve month high of $14.00.

American Resources Company Profile

American Resources Corporation engages in the extraction, processing, transportation, and selling of metallurgical coal and pulverized coal injection for the steel making process. The company also provides high-BTU, low sulfur, and low moisture bituminous coal used for various industries, including industrial customers; and specialty products and thermal coal that is used for electricity generation.

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