Key Points
- Properties Ltd. Golden sold 92,973 shares on Nov. 4 at an average price of $4.00 ($371,892), part of multiple recent large disposals (including 1,000,000 on Aug. 19 and 980,000 on Oct. 17), trimming its stake by 0.82% to 11,296,987 shares.
- American Resources opened at $3.61 and was down 2.7%, with a 50‑day/200‑day moving average of $3.25/$1.83 and a $359.4M market cap; the company reported an earnings miss (EPS −$0.10 vs. −$0.05 expected) and revenue of $0.01M versus $16.4M est.
- Analyst coverage is mixed but leans positive: one Strong Buy, three Buy and one Sell yield an average rating of Moderate Buy and an average price target of $5.50.
American Resources Corporation (NASDAQ:AREC - Get Free Report) major shareholder Properties Ltd. Golden sold 92,973 shares of the business's stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $4.00, for a total value of $371,892.00. Following the transaction, the insider directly owned 11,296,987 shares in the company, valued at approximately $45,187,948. This trade represents a 0.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Properties Ltd. Golden also recently made the following trade(s):
- On Wednesday, November 5th, Properties Ltd. Golden sold 118,892 shares of American Resources stock. The stock was sold at an average price of $4.02, for a total value of $477,945.84.
- On Tuesday, August 19th, Properties Ltd. Golden sold 1,000,000 shares of American Resources stock. The shares were sold at an average price of $1.26, for a total transaction of $1,260,000.00.
- On Friday, October 17th, Properties Ltd. Golden sold 980,000 shares of American Resources stock. The stock was sold at an average price of $4.06, for a total transaction of $3,978,800.00.
- On Monday, October 20th, Properties Ltd. Golden sold 20,000 shares of American Resources stock. The stock was sold at an average price of $4.12, for a total transaction of $82,400.00.
American Resources Stock Down 2.7%
American Resources stock opened at $3.61 on Friday. The company's 50-day moving average price is $3.25 and its two-hundred day moving average price is $1.83. The stock has a market cap of $359.38 million, a P/E ratio of -7.68 and a beta of 1.15. American Resources Corporation has a twelve month low of $0.38 and a twelve month high of $7.11.
American Resources (NASDAQ:AREC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.05). The firm had revenue of $0.01 million during the quarter, compared to the consensus estimate of $16.40 million. Equities analysts anticipate that American Resources Corporation will post -0.38 earnings per share for the current fiscal year.
Institutional Trading of American Resources
Institutional investors and hedge funds have recently made changes to their positions in the company. Northwest Financial Advisors acquired a new stake in shares of American Resources during the 3rd quarter worth approximately $27,000. Belvedere Trading LLC bought a new stake in American Resources during the third quarter worth $30,000. Creative Planning boosted its holdings in shares of American Resources by 65.5% in the 2nd quarter. Creative Planning now owns 37,892 shares of the company's stock valued at $31,000 after purchasing an additional 15,000 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of American Resources in the 2nd quarter valued at $33,000. Finally, Virtu Financial LLC increased its stake in shares of American Resources by 271.3% in the 1st quarter. Virtu Financial LLC now owns 101,913 shares of the company's stock valued at $48,000 after purchasing an additional 74,464 shares during the last quarter. Institutional investors own 9.32% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on AREC shares. D Boral Capital upgraded shares of American Resources to a "strong-buy" rating in a research note on Monday, September 15th. Wall Street Zen raised shares of American Resources from a "sell" rating to a "hold" rating in a report on Sunday, September 28th. Weiss Ratings reiterated a "sell (d-)" rating on shares of American Resources in a research report on Wednesday, October 8th. D. Boral Capital initiated 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. Finally, William Blair assumed coverage on American Resources in a research note on Monday, October 20th. They set an "outperform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Resources presently has an average rating of "Moderate Buy" and an average target price of $5.50.
Check Out Our Latest Research Report on AREC
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.
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