American Resources Co. (NASDAQ:AREC) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of American Resources Co. (NASDAQ:AREC) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 637,722 shares of the company’s stock after purchasing an additional 15,350 shares during the period. Geode Capital Management LLC’s holdings in American Resources were worth $580,000 as of its most recent filing with the Securities & Exchange Commission.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Roth Mkm reduced their price target on shares of American Resources from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Monday, September 30th. D. Boral Capital restated a “buy” rating and set a $4.00 price target on shares of American Resources in a research report on Tuesday, January 7th.

American Resources Trading Down 7.3 %

AREC stock opened at $0.67 on Friday. The company has a market cap of $51.72 million, a price-to-earnings ratio of -1.71 and a beta of 0.27. American Resources Co. has a 12 month low of $0.41 and a 12 month high of $1.78. The firm has a 50-day moving average of $1.06 and a two-hundred day moving average of $0.84.

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.