Wall Street Zen Upgrades American Resources (NASDAQ:AREC) to "Hold"

American Resources (NASDAQ:AREC - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Sunday.Get American Resources alerts:Other analysts also recently issued research reports about the company. D Boral Capital upgraded American Resources to a "strong-buy" rating in a research note on Monday, September 15th. D. Boral Capital began coverage on American Resources in a research report on Monday, September 15th. They set a "buy" rating and a $6.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $5.00.Check Out Our Latest Stock Analysis on American ResourcesAmerican Resources Price PerformanceShares of AREC stock opened at $2.78 on Friday. American Resources has a 1-year low of $0.38 and a 1-year high of $3.09. The stock's fifty day moving average price is $1.84 and its 200 day moving average price is $1.16. The company has a market cap of $235.22 million, a price-to-earnings ratio of -5.67 and a beta of 1.02. American Resources (NASDAQ:AREC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The business had revenue of $0.01 million during the quarter, compared to analyst estimates of $16.40 million. As a group, equities research analysts anticipate that American Resources will post -0.38 earnings per share for the current year. Hedge Funds Weigh In On American ResourcesA number of hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in American Resources during the second quarter worth approximately $139,000. JPMorgan Chase & Co. raised its holdings in shares of American Resources by 86,418.3% during the second quarter. JPMorgan Chase & Co. now owns 122,856 shares of the company's stock valued at $102,000 after acquiring an additional 122,714 shares during the last quarter. Virtu Financial LLC raised its holdings in shares of American Resources by 271.3% during the first quarter. Virtu Financial LLC now owns 101,913 shares of the company's stock valued at $48,000 after acquiring an additional 74,464 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of American Resources during the second quarter valued at approximately $33,000. Finally, Creative Planning raised its holdings in shares of American Resources by 65.5% during the second quarter. Creative Planning now owns 37,892 shares of the company's stock valued at $31,000 after acquiring an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 9.32% of the company's stock. About American Resources (Get Free Report)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.See AlsoFive stocks we like better than American ResourcesUtilities Stocks Explained – How and Why to Invest in Utilities3 Healthcare Stocks Using AI to Drive GrowthLow PE Growth Stocks: Unlocking Investment OpportunitiesGet Exposure to Millennials' Purchasing Power With This ETFTransportation Stocks InvestingWhy a $4.5 Billion Smart Debt Move Is Fueling Dell’s AI AmbitionsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in American Resources Right Now?Before you consider American Resources, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Resources wasn't on the list.While American Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here