American Resources Corporation (AREC)
NASDAQ:AREC
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American Resources
(NASDAQ:AREC)
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Rating:43Neutral
Price Target:
$2.00
▼(-11.50% Downside)
Action:Reiterated
Date:05/21/26
The score is held down primarily by very weak core fundamentals (revenue collapse, ongoing operating losses, and negative operating/free cash flow). Technicals also lean bearish with the stock below key moving averages and negative MACD. Valuation is not supportive due to a negative P/E and no dividend yield, while recent corporate actions provide only a limited positive offset.
Positive Factors
Strategic partnership with Mitsubishi
Collaboration and strategic investment from Mitsubishi Materials validates ReElement’s refining‑first platform, brings industry know‑how and potential offtake, and supports commercialization. This partnership enhances access to capital, technical scale-up and market channels over the medium term.
Negative Factors
Revenue collapse
A 2025 revenue collapse eliminates a recurring sales base and undermines the company’s ability to self‑fund operations or demonstrate commercial traction. Absent stable revenue, scaling refining and processing operations depends heavily on external capital and flawless execution, raising structural risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic partnership with Mitsubishi
Collaboration and strategic investment from Mitsubishi Materials validates ReElement’s refining‑first platform, brings industry know‑how and potential offtake, and supports commercialization. This partnership enhances access to capital, technical scale-up and market channels over the medium term.
Read all positive factors
American Resources (AREC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$216.98M
Dividend YieldN/A
Average Volume (3M)4.45M
Price to Earnings (P/E)―
Beta (1Y)1.22
Revenue Growth-76.24%
EPS Growth-8.61%
CountryUS
Employees26
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)N/A
Shares Outstanding101,393,310
10 Day Avg. Volume2,957,944
30 Day Avg. Volume4,452,333
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)2.28
Price to Sales (P/S)0.00
P/FCF Ratio-20.79
Enterprise Value/Market Cap0.87
Enterprise Value/Revenue1.30K
Enterprise Value/Gross Profit1.34K
Enterprise Value/Ebitda-8.37
Forecast
1Y Price Target
$5.00Price Target Upside121.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
American Resources Business Overview & Revenue Model
Company Description
American Resources Corporation engages in the extraction, processing, transportation, distribution, and sale of metallurgical coal to the steel industries. The company supplies raw materials; and sells coal used in pulverized coal injections. It h...
How the Company Makes Money
AREC makes money primarily by selling metallurgical coal to customers, generating revenue based on contracted and spot sales volumes and realized selling prices (which are influenced by steelmaking demand and coal market conditions). Revenue is al...
American Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
38
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 145.03K | 0.00 | 383.23K | 13.23M | 39.47M | 7.76M |
| Gross Profit | 140.16K | 0.00 | -2.18M | 1.25M | 14.00M | -639.79K |
| EBITDA | -22.47M | -11.31M | -27.07M | -33.19M | 3.51M | -24.01M |
| Net Income | -38.00M | 55.41M | -40.11M | -38.53M | -1.45M | -32.50M |
Balance Sheet | ||||||
| Total Assets | 201.20M | 168.91M | 205.01M | 64.73M | 55.92M | 42.87M |
| Cash, Cash Equivalents and Short-Term Investments | 2.08M | 72.17M | 1.19M | 2.67M | 10.87M | 11.49M |
| Total Debt | 233.59M | 2.76M | 220.51M | 47.10M | 23.49M | 15.72M |
| Total Liabilities | 296.20M | 75.72M | 286.92M | 109.73M | 55.63M | 45.22M |
| Stockholders Equity | -93.43M | 94.78M | -80.35M | -43.53M | 284.70K | -2.35M |
Cash Flow | ||||||
| Free Cash Flow | -6.97M | -10.41M | -23.28M | -23.72M | 2.55M | -32.16M |
| Operating Cash Flow | -15.33M | -10.41M | -22.23M | -20.10M | 2.55M | -29.09M |
| Investing Cash Flow | 1.09M | -39.36M | 55.98K | -5.63M | -1.13M | -5.92M |
| Financing Cash Flow | 10.54M | 81.27M | 146.66M | 45.61M | -1.02M | 36.40M |
American Resources Technical Analysis
Negative
2.26
Price Trends
2.42
Negative
2.84
Negative
2.84
Negative
Market Momentum
-0.07
Positive
44.64
Neutral
18.24
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AREC, the sentiment is Negative. The current price of 2.26 is above the 20-day moving average (MA) of 2.23, below the 50-day MA of 2.42, and below the 200-day MA of 2.84, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 44.64 is Neutral, neither overbought nor oversold. The STOCH value of 18.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AREC.
American Resources Risk Analysis
American Resources disclosed 29 risk factors in its most recent earnings report. American Resources reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
American Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $1.36B | 20.90 | 18.84% | 4.05% | -15.69% | -18.53% | |
65 Neutral | $829.97M | -20.31 | 14.25% | ― | 10.26% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | $371.73M | 11.00 | 5.04% | 2.02% | 9.77% | -38.00% | |
56 Neutral | $668.64M | -31.66 | -10.33% | 6.72% | -1.41% | -170.39% | |
53 Neutral | $2.22B | -59.54 | -2.47% | ― | -19.15% | -246.35% | |
43 Neutral | $216.98M | -12.93 | 43.51% | ― | -76.24% | -8.61% |
* Basic Materials Sector Average
AREC
American Resources
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American Resources Corporate Events
Executive/Board ChangesShareholder Meetings
American Resources Refreshes Board and Confirms Auditor Oversight
Positive
Apr 16, 2026
On April 15, 2026, American Resources Corporation reshaped its boardroom, appointing corporate strategy and capital markets veteran Mark LaVerghetta, 52, as a director and member of the Nominating Committee, while long-time executive and director ...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
American Resources’ EMCO Plans Convertible Preferred Capital Raise
Positive
Mar 13, 2026
American Resources’ subsidiary Electrified Materials Corp. is planning a private capital raise to fund its expansion, targeting proceeds between $3 million and $20 million. The offering will be structured as convertible preferred stock that ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.