American Resources assumed with a Buy at D. Boral Capital

D. Boral Capital assumed coverage of American Resources (AREC) with a Buy rating and $6 price target The firm says American Resources is a holding company with strategic ownership across critical mineral refining, metallurgical coal, and royalties. The company aligns with bipartisan priorities of domestic supply chain security, energy independence, and cleaner, more efficient industrial processes, the analyst tells investors in a research note. It believes American’s recent U.S. Department of Defense contracts and international activities underscore its “growing strategic relevance.”