William Blair analyst Neal Dingmann has maintained their bullish stance on AREC stock, giving a Buy rating on November 4.
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Neal Dingmann’s rating is based on American Resources’ unique refining capabilities and strategic partnerships. The company’s proprietary refining process addresses significant bottlenecks in the U.S. rare earth supply chain, which positions it as a key player in this sector. The potential spin-off of its subsidiary, ReElement, could unlock additional value for shareholders, further supporting the Buy rating.
Additionally, American Resources has secured a strategic partnership with TMK LLC to supply and refine high-grade tungsten in the U.S., enhancing its market position. ReElement’s advanced refining technology allows for efficient and environmentally friendly processing of critical minerals, providing a competitive edge over international processes. These factors, combined with its multicustomer strategy, including an agreement with POSCO International, underscore the company’s growth potential and justify the Buy recommendation.
According to TipRanks, Dingmann is a 2-star analyst with an average return of 0.0% and a 42.67% success rate. Dingmann covers the Energy sector, focusing on stocks such as Civitas Resources, Diamondback, and Devon Energy.
In another report released on November 4, Roth MKM also maintained a Buy rating on the stock with a $5.00 price target.