
AREC Stock Forecast & Price Target
AREC Analyst Ratings
Bulls say
American Resources Corp (AREC) is strategically divesting non-core assets to enhance focus and investment in its ReElement technology, paving the way for potential operational development and financial gain. The company has secured contracts and established a customer base through its Noblesville facility, which positions it favorably within the market. Additionally, AREC aims to restart operations at its McCoy Elkhorn mining complex in FY24, indicating a commitment to scaling its operations in response to the growing demand in the infrastructure and electrification sectors.
Bears say
American Resources Corp reported a net loss of $10 million in its recent earnings, which was significantly larger than the anticipated $7 million loss, indicating serious revenue shortfalls. Notably, the company's actual revenue of $0.2 million starkly contrasted with the projected $3.2 million, primarily due to unmet expectations regarding the restarting of the McCay Elkhorn facility and coal sales. Additionally, the company faces substantial risks including competition, regulatory challenges, and market volatility, which collectively hinder its operational scalability and could adversely impact shareholder value.
This aggregate rating is based on analysts' research of American Resources Corp and is not a guaranteed prediction by Public.com or investment advice.
AREC Analyst Forecast & Price Prediction
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