AREC Chart
About

American Resources Corporation engages in the production of rare earth and critical mineral concentrates for the infrastructure and electrification markets. It operates through the American Infrastructure (AIC), ReElements (RLMT), and Electrified Materials Corporation (EMC) segments. The American Infrastructure segment engages in the extraction, processing, transportation, and distribution of coal with a focus on metallurgical quality coal to the steel industry. Its ReElements segment provides final stage, separated, and purified rare earth and critical elements to the electrification industry supply chain, which are used to manufacture permanent magnets and battery materials. The Electrified Materials segment aggregates and processes used metals for recycling into new steel-based products for the recovery and sale of recovered metal and steel. American Resources Corporation was founded in 2006 and is headquartered in Fishers, Indiana.

Fundamentals
Scroll to Statements
Sector Basic Materials Industry Coking Coal Market Cap 327.82M
Enterprise Value 534.64M Income -20.77M Sales 95.03K
Book/sh -0.94 Cash/sh 0.02 Dividend Yield —
Payout 0.00% Employees 21 IPO —
P/E — Forward P/E -28.91 PEG —
P/S 3449.76 P/B -3.39 P/C —
EV/EBITDA -26.97 EV/Sales 5626.23 Quick Ratio 0.03
Current Ratio 0.10 Debt/Eq — LT Debt/Eq —
EPS (ttm) -0.41 EPS next Y -0.11 EPS Growth —
Revenue Growth -99.90% Earnings 2026-03-30 ROA -7.27%
ROE — ROIC — Gross Margin 0.00%
Oper. Margin -26200.81% Profit Margin 0.00% Shs Outstand 103.09M
Shs Float 80.13M Short Float 8.94% Short Ratio 1.43
Short Interest — 52W High 7.11 52W Low 0.38
Beta 1.02 Avg Volume 4.58M Volume 2.02M
Target Price $6.75 Recom None Prev Close $3.07
Price $3.18 Change 3.58%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.75
Mean price target
2. Current target
$3.27
Latest analyst target
3. DCF / Fair value
$0.85
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.27
Low
$5.00
High
$9.00
Mean
$6.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-01 main D. Boral Capital Buy → Buy $6
2025-11-26 init Maxim Group — → Buy $7
2025-10-20 init William Blair — → Outperform —
2025-01-07 main D. Boral Capital Buy → Buy $4
2024-11-21 main D. Boral Capital Buy → Buy $4
2024-09-30 main Roth MKM Buy → Buy $4
2024-07-17 main EF Hutton Buy → Buy $4
2024-06-03 init EF Hutton — → Buy $5
2024-05-24 main Roth MKM Buy → Buy $5
2023-11-16 main HC Wainwright & Co. Buy → Buy $3
2023-08-16 reit HC Wainwright & Co. Buy → Buy $4
2023-06-29 reit HC Wainwright & Co. Buy → Buy $4
2023-06-28 reit Roth MKM — → Buy $5
2023-05-17 main HC Wainwright & Co. Buy → Buy $4
2023-04-03 main HC Wainwright & Co. — → Buy $4
2023-02-01 reit HC Wainwright & Co. — → Buy $4
2022-11-16 main HC Wainwright & Co. — → Buy $4
2022-08-17 main HC Wainwright & Co. — → Buy $5
2022-05-18 main HC Wainwright & Co. — → Buy $4
2022-03-31 main HC Wainwright & Co. — → Buy $5
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 300000 1238400 — Sale at price 4.06 - 4.23 per share. GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 2025-11-10 00:00:00 D
1 330000 1330000 — Sale at price 4.00 - 4.10 per share. GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 2025-11-10 00:00:00 D
2 26845 109659 — Sale at price 4.07 - 4.09 per share. GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 2025-11-10 00:00:00 D
3 196108 792232 — Sale at price 4.00 - 4.11 per share. GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 2025-11-07 00:00:00 D
4 118892 478118 — Sale at price 4.00 - 4.06 per share. GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 2025-11-05 00:00:00 D
5 92973 372342 — Sale at price 4.00 - 4.01 per share. GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 2025-11-04 00:00:00 D
6 20000 82400 — Sale at price 4.12 per share. GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 2025-10-20 00:00:00 D
7 980000 3978800 — Sale at price 4.06 per share. GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 2025-10-17 00:00:00 D
8 1000000 1260000 — Sale at price 1.26 per share. GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 2025-08-19 00:00:00 D
9 1000000 1120000 — Sale at price 1.12 per share. GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 2025-07-31 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-27.68M-23.65M-20.12M-25.11M
TotalUnusualItems159.34K-9.54M23.63M0.00
TotalUnusualItemsExcludingGoodwill159.34K-9.54M23.63M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-39.25M-38.53M-1.45M-32.50M
ReconciledDepreciation3.80M3.55M3.53M3.23M
ReconciledCostOfRevenue2.18M10.57M25.34M8.40M
EBITDA-27.52M-33.19M3.51M-25.11M
EBIT-31.32M-36.74M-19.52K-28.34M
NetInterestIncome-6.92M-1.96M-1.40M-3.94M
InterestExpense8.02M1.99M1.43M4.17M
InterestIncome1.10M30.23K30.98K230.53K
NormalizedIncome-39.41M-28.99M-25.08M-32.50M
NetIncomeFromContinuingAndDiscontinuedOperation-39.25M-38.53M-1.45M-32.50M
TotalExpenses32.77M38.66M63.47M36.09M
TotalOperatingIncomeAsReported-32.23M-36.38M-19.49M-28.33M
DilutedAverageShares77.22M75.42M66.32M55.22M
BasicAverageShares77.22M75.42M66.32M55.22M
DilutedEPS-0.51-0.15-0.02-0.59
BasicEPS-0.51-0.15-0.02-0.59
DilutedNIAvailtoComStockholders-39.25M-38.53M-1.45M-32.50M
NetIncomeCommonStockholders-39.25M-38.53M-1.45M-32.50M
NetIncome-39.25M-38.53M-1.45M-32.50M
MinorityInterests87.81K197.56K
NetIncomeIncludingNoncontrollingInterests-39.34M-38.72M-1.45M-32.50M
NetIncomeContinuousOperations-39.34M-38.72M-1.45M-32.50M
PretaxIncome-39.34M-38.72M-1.45M-32.50M
OtherIncomeExpense-28.45K-9.93M23.95M-232.99K
OtherNonOperatingIncomeExpenses221.47K170.78K317.05K-232.99K
SpecialIncomeCharges159.34K-9.54M23.63M0.00
GainOnSaleOfPPE400.00K1.53M20.51M0.00
OtherSpecialCharges240.66K11.07M-3.12M
EarningsFromEquityInterest-409.27K-562.70K
GainOnSaleOfSecurity499.64K4.87K
NetNonOperatingInterestIncomeExpense-6.92M-1.96M-1.40M-3.94M
InterestExpenseNonOperating8.02M1.99M1.43M4.17M
InterestIncomeNonOperating1.10M30.23K30.98K230.53K
OperatingIncome-32.39M-26.84M-24.00M-28.33M
OperatingExpense30.21M28.09M38.00M27.69M
OtherOperatingExpenses991.52K1.02M1.34M1.10M
DepreciationAmortizationDepletionIncomeStatement3.42M3.55M3.40M3.23M
DepreciationAndAmortizationInIncomeStatement3.42M3.55M3.40M3.23M
Amortization1.24M1.22M1.24M1.25M
AmortizationOfIntangiblesIncomeStatement1.24M1.22M1.24M1.25M
DepreciationIncomeStatement2.19M2.32M2.16M1.98M
ResearchAndDevelopment2.15M11.31M28.13M18.10M
SellingGeneralAndAdministration23.65M12.21M5.12M5.27M
GeneralAndAdministrativeExpense23.65M12.21M5.12M5.27M
OtherGandA23.65M12.21M5.12M5.27M
GrossProfit-2.18M1.25M14.00M-639.79K
CostOfRevenue2.56M10.57M25.47M8.40M
TotalRevenue383.23K11.82M39.47M7.76M
OperatingRevenue383.23K11.82M39.47M7.76M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber78.02M76.25M66.78M65.08M
ShareIssued78.02M76.25M66.78M65.08M
NetDebt196.95M44.84M831.50K3.53M
TotalDebt220.51M47.10M23.49M15.72M
TangibleBookValue-79.49M-43.53M284.70K-2.35M
InvestedCapital118.07M2.63M11.99M12.68M
WorkingCapital-73.48M-40.47M-14.67M-1.24M
NetTangibleAssets-79.49M-43.53M284.70K-2.35M
CapitalLeaseObligations22.96M938.26K11.79M700.28K
CommonStockEquity-79.49M-43.53M284.70K-2.35M
TotalCapitalization72.35M-43.04M284.70K6.82M
TotalEquityGrossMinorityInterest-81.05M-45.01M284.70K-2.35M
MinorityInterest-1.56M-1.47M
StockholdersEquity-79.49M-43.53M284.70K-2.35M
RetainedEarnings-265.91M-225.29M-167.24M-165.79M
AdditionalPaidInCapital186.41M181.75M167.52M163.44M
CapitalStock7.80K7.63K6.68K6.51K
CommonStock7.80K7.63K6.68K6.51K
TotalLiabilitiesNetMinorityInterest286.92M109.73M55.63M45.22M
TotalNonCurrentLiabilitiesNetMinorityInterest202.12M31.46M28.20M28.68M
OtherNonCurrentLiabilities28.50M30.12M20.30M18.97M
LongTermDebtAndCapitalLeaseObligation173.62M1.34M7.90M9.72M
LongTermCapitalLeaseObligation21.78M849.46K7.90M548.48K
LongTermDebt151.84M486.56K9.17M
CurrentLiabilities84.80M78.27M27.43M16.54M
OtherCurrentLiabilities6.59M8.85M
CurrentDebtAndCapitalLeaseObligation46.90M45.76M15.59M6.01M
CurrentCapitalLeaseObligation1.18M88.79K3.89M151.81K
CurrentDebt45.71M45.68M11.70M5.86M
OtherCurrentBorrowings45.71M45.68M11.70M5.86M
CurrentNotesPayable74.00K
PayablesAndAccruedExpenses31.31M23.65M11.84M10.53M
CurrentAccruedExpenses17.08M14.90M106.89K1.33M
InterestPayable2.13M485.43K106.89K1.33M
Payables14.23M8.75M11.74M9.20M
OtherPayable968.97K949.94K2.52M1.95M
DuetoRelatedPartiesCurrent9.01M4.43M4.30M4.01M
AccountsPayable4.25M3.37M4.92M3.25M
TotalAssets205.87M64.73M55.92M42.87M
TotalNonCurrentAssets194.55M26.92M43.15M27.57M
OtherNonCurrentAssets152.41M1.52M2.12M1.10M
NonCurrentNoteReceivables280.00K379.02K99.02K350.00K
InvestmentsAndAdvances1.71M3.48M18.78M2.50M
LongTermEquityInvestment1.71M3.48M18.78M2.50M
NetPPE40.15M21.55M22.15M23.63M
AccumulatedDepreciation-24.91M-21.46M-5.20M-15.95M
GrossPPE65.06M43.00M27.35M39.58M
ConstructionInProgress17.40M16.53M0.00108.12K
OtherProperties22.16M982.73K13.03M13.62M
MachineryFurnitureEquipment0.0011.59M
BuildingsAndImprovements54.20K54.20K
LandAndImprovements12.83M12.82M1.62M1.57M
CurrentAssets11.33M37.80M12.77M15.30M
OtherCurrentAssets1.15M1.73M786.58K
RestrictedCash6.85M32.53M0.00
PrepaidAssets786.58K629.61K
Inventory959.99K129.99K446.69K0.00
Receivables1.17M741.24K660.75K3.18M
OtherReceivables6.67K
DuefromRelatedPartiesCurrent1.08M741.24K
AccruedInterestReceivable85.99K0.00
AccountsReceivable0.00660.75K3.18M
CashCashEquivalentsAndShortTermInvestments1.19M2.67M10.87M11.49M
OtherShortTermInvestments587.36K1.35M
CashAndCashEquivalents604.49K1.32M10.87M11.49M
CashFinancial2.67M10.87M11.49M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-22.30M-23.14M2.55M-32.16M
RepurchaseOfCapitalStock0.00-93.44K-5.65M
RepaymentOfDebt-1.16M-3.49M-672.42K
IssuanceOfDebt642.72K1.38M2.56M600.00K
IssuanceOfCapitalStock0.0029.22M
CapitalExpenditure-1.06M-3.62M-3.07M
InterestPaidSupplementalData23.17K708.08K
EndCashPosition4.11M5.08M13.00M12.59M
BeginningCashPosition5.08M10.99M12.59M11.20M
ChangesInCash-964.23K-5.91M407.58K1.39M
FinancingCashFlow145.68M45.35M-1.02M36.40M
CashFlowFromContinuingFinancingActivities145.68M45.35M-1.02M36.40M
NetOtherFinancingCharges144.85M45.13M10.23M
ProceedsFromStockOptionExercised189.24K0.000.002.67M
NetCommonStockIssuance0.00-93.44K23.57M
CommonStockPayments0.00-93.44K-5.65M
CommonStockIssuance0.0029.22M
NetIssuancePaymentsOfDebt642.72K222.82K-922.41K-72.42K
NetLongTermDebtIssuance642.72K222.82K-922.41K-72.42K
LongTermDebtPayments-1.16M-3.49M-672.42K
LongTermDebtIssuance642.72K1.38M2.56M600.00K
InvestingCashFlow-125.40M-31.74M-1.13M-5.92M
CashFlowFromContinuingInvestingActivities-125.40M-31.74M-1.13M-5.92M
NetOtherInvestingChanges222.82K250.98K-350.00K
NetInvestmentPurchaseAndSale-124.74M-29.66M0.00
SaleOfInvestment26.51M641.62K0.00
PurchaseOfInvestment0.00-30.30M0.00
NetBusinessPurchaseAndSale0.00-18.28M-2.50M
PurchaseOfBusiness0.00-18.28M-2.50M
NetPPEPurchaseAndSale-659.06K-2.09M16.91M-3.07M
SaleOfPPE400.00K1.62M
PurchaseOfPPE-1.06M-3.62M
OperatingCashFlow-21.24M-19.52M2.55M-29.09M
CashFlowFromContinuingOperatingActivities-21.24M-19.52M2.54M-29.09M
ChangeInWorkingCapital8.98M11.69M4.83M-2.61M
ChangeInOtherWorkingCapital378.18K2.76K
ChangeInOtherCurrentLiabilities0.00100.00K0.00
ChangeInOtherCurrentAssets752.78K-165.03K
ChangeInPayablesAndAccruedExpense9.47M11.91M3.09M591.89K
ChangeInAccruedExpense2.52M14.79M363.68K281.77K
ChangeInInterestPayable1.99M377.31K363.68K281.77K
ChangeInPayable6.95M-2.89M2.72M310.13K
ChangeInAccountPayable6.95M-2.89M2.72M310.13K
ChangeInPrepaidAssets583.83K-942.56K-161.97K-449.61K
ChangeInInventory-830.00K316.70K-446.69K150.50K
ChangeInReceivables-622.67K308.51K2.51M-2.91M
ChangesInAccountReceivables-6.67K660.76K2.51M-2.91M
OtherNonCashItems1.25M1.17M1.47M1.31M
StockBasedCompensation3.27M3.29M
UnrealizedGainLossOnInvestmentSecurities45.51K-7.47K-9.56K
ProvisionandWriteOffofAssets289.02K0.00
DepreciationAmortizationDepletion3.80M3.55M3.53M3.23M
DepreciationAndAmortization3.80M3.55M3.53M3.23M
AmortizationCashFlow1.54M1.22M
AmortizationOfIntangibles1.54M1.22M
Depreciation3.80M3.55M3.53M3.23M
OperatingGainsLosses9.27K-966.71K-5.81M1.49M
EarningsLossesFromEquityInvestments409.27K562.70K
GainLossOnInvestmentSecurities409.27K562.70K1.74M1.09M
GainLossOnSaleOfPPE-400.00K-1.53M-4.51M
NetIncomeFromContinuingOperations-39.34M-38.72M-1.45M-32.50M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AREC
Date User Asset Broker Type Position Size Entry Price Patterns