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.
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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