Symbols / AREC $2.42 -1.22% American Resources Corporation

Basic Materials • Coking Coal • United States • NCM
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 249.47M
Enterprise Value 460.62M 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 -8.34 PEG —
P/S 2625.29 P/B -2.58 P/C —
EV/EBITDA -23.23 EV/Sales 4847.31 Quick Ratio 0.03
Current Ratio 0.10 Debt/Eq — LT Debt/Eq —
EPS (ttm) -0.41 EPS next Y -0.29 EPS Growth —
Revenue Growth -99.90% Earnings 2026-04-14 ROA -7.27%
ROE — ROIC — Gross Margin 0.00%
Oper. Margin -26200.81% Profit Margin 0.00% Shs Outstand 103.09M
Shs Float 81.23M Short Float 9.83% Short Ratio 3.34
Short Interest — 52W High 7.11 52W Low 0.38
Beta 1.21 Avg Volume 3.85M Volume 1.59M
Target Price $5.75 Recom Strong_buy Prev Close $2.45
Price $2.42 Change -1.22%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$5.75
Mean price target
2. Current target
$2.42
Latest analyst target
3. DCF / Fair value
$0.85
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.42
Low
$5.00
High
$7.00
Mean
$5.75

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
News
RSS: Latest AREC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-11-10 GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 300,000 $4.06 $1,238,400
2025-11-10 GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 330,000 $4.00 $1,330,000
2025-11-10 GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 26,845 $4.07 $109,659
2025-11-07 GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 196,108 $4.00 $792,232
2025-11-05 GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 118,892 $4.00 $478,118
2025-11-04 GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 92,973 $4.00 $372,342
2025-10-20 GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 20,000 $4.12 $82,400
2025-10-17 GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 980,000 $4.06 $3,978,800
2025-08-19 GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 1,000,000 $1.26 $1,260,000
2025-07-31 GOLDEN PROPERTIES, LTD. Beneficial Owner of more than 10% of a Class of Security — 1,000,000 $1.12 $1,120,000
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
0.38
-96.76%
11.82
-70.05%
39.47
+409.00%
7.76
Operating Revenue
0.38
-96.76%
11.82
-70.05%
39.47
+409.00%
7.76
Cost Of Revenue
2.56
-75.76%
10.57
-58.50%
25.47
+203.42%
8.40
Reconciled Cost Of Revenue
2.18
-79.34%
10.57
-58.29%
25.34
+201.89%
8.40
Gross Profit
-2.18
-274.15%
1.25
-91.06%
14.00
+2288.45%
-0.64
Operating Expense
30.21
+7.56%
28.09
-26.08%
38.00
+37.21%
27.69
Research And Development
2.15
-81.01%
11.31
-59.79%
28.13
+55.45%
18.10
Selling General And Administration
23.65
+93.66%
12.21
+138.35%
5.12
-2.81%
5.27
General And Administrative Expense
23.65
+93.66%
12.21
+138.35%
5.12
-2.81%
5.27
Other Gand A
23.65
+93.66%
12.21
+138.35%
5.12
-2.81%
5.27
Other Operating Expenses
0.99
-2.37%
1.02
-24.44%
1.34
+22.60%
1.10
Total Expenses
32.77
-15.22%
38.66
-39.09%
63.47
+75.88%
36.09
Operating Income
-32.39
-20.69%
-26.84
-11.83%
-24.00
+15.30%
-28.33
Total Operating Income As Reported
-32.23
+11.39%
-36.38
-86.66%
-19.49
+31.22%
-28.33
EBITDA
-27.52
+17.09%
-33.19
-1046.79%
3.51
+113.96%
-25.11
Normalized EBITDA
-27.68
-17.01%
-23.65
-17.53%
-20.12
+19.85%
-25.11
Reconciled Depreciation
3.80
+7.16%
3.55
+0.60%
3.53
+9.25%
3.23
EBIT
-31.32
+14.75%
-36.74
-188110.92%
-0.02
+99.93%
-28.34
Total Unusual Items
0.16
+101.67%
-9.54
-140.37%
23.63
0.00
Total Unusual Items Excluding Goodwill
0.16
+101.67%
-9.54
-140.37%
23.63
0.00
Special Income Charges
0.16
+101.67%
-9.54
-140.37%
23.63
0.00
Other Special Charges
0.24
-97.83%
11.07
+454.77%
-3.12
—
Net Income
-39.25
-1.88%
-38.53
-2565.02%
-1.45
+95.55%
-32.50
Pretax Income
-39.34
-1.59%
-38.72
-2578.68%
-1.45
+95.55%
-32.50
Net Non Operating Interest Income Expense
-6.92
-253.44%
-1.96
-40.33%
-1.40
+64.57%
-3.94
Interest Expense Non Operating
8.02
+303.48%
1.99
+39.40%
1.43
-65.79%
4.17
Net Interest Income
-6.92
-253.44%
-1.96
-40.33%
-1.40
+64.57%
-3.94
Interest Expense
8.02
+303.48%
1.99
+39.40%
1.43
-65.79%
4.17
Interest Income Non Operating
1.10
+3544.11%
0.03
-2.43%
0.03
-86.56%
0.23
Interest Income
1.10
+3544.11%
0.03
-2.43%
0.03
-86.56%
0.23
Other Income Expense
-0.03
+99.71%
-9.93
-141.47%
23.95
+10377.89%
-0.23
Other Non Operating Income Expenses
0.22
+29.68%
0.17
-46.13%
0.32
+236.07%
-0.23
Gain On Sale Of Security
—
0.50
+10167.96%
0.00
—
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-39.34
-1.59%
-38.72
-2578.68%
-1.45
+95.55%
-32.50
Net Income From Continuing Operation Net Minority Interest
-39.25
-1.88%
-38.53
-2565.02%
-1.45
+95.55%
-32.50
Net Income From Continuing And Discontinued Operation
-39.25
-1.88%
-38.53
-2565.02%
-1.45
+95.55%
-32.50
Net Income Continuous Operations
-39.34
-1.59%
-38.72
-2578.68%
-1.45
+95.55%
-32.50
Minority Interests
0.09
-55.55%
0.20
—
—
Normalized Income
-39.41
-35.95%
-28.99
-15.61%
-25.08
+22.85%
-32.50
Net Income Common Stockholders
-39.25
-1.88%
-38.53
-2565.02%
-1.45
+95.55%
-32.50
Diluted EPS
-0.51
-240.00%
-0.15
-650.00%
-0.02
+96.61%
-0.59
Basic EPS
-0.51
-240.00%
-0.15
-650.00%
-0.02
+96.61%
-0.59
Basic Average Shares
77.22
+2.39%
75.42
+13.73%
66.32
+20.09%
55.22
Diluted Average Shares
77.22
+2.39%
75.42
+13.73%
66.32
+20.09%
55.22
Diluted NI Availto Com Stockholders
-39.25
-1.88%
-38.53
-2565.02%
-1.45
+95.55%
-32.50
Amortization
1.24
+1.08%
1.22
-1.27%
1.24
-0.67%
1.25
Amortization Of Intangibles Income Statement
1.24
+1.08%
1.22
-1.27%
1.24
-0.67%
1.25
Depreciation Amortization Depletion Income Statement
3.42
-3.52%
3.55
+4.41%
3.40
+5.25%
3.23
Depreciation And Amortization In Income Statement
3.42
-3.52%
3.55
+4.41%
3.40
+5.25%
3.23
Depreciation Income Statement
2.19
-5.94%
2.32
+7.68%
2.16
+8.98%
1.98
Earnings From Equity Interest
-0.41
+27.27%
-0.56
—
—
Gain On Sale Of PPE
0.40
-73.85%
1.53
-92.54%
20.51
0.00
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
205.87
+218.07%
64.73
+15.75%
55.92
+30.42%
42.87
Current Assets
11.33
-70.04%
37.80
+196.08%
12.77
-16.54%
15.30
Cash Cash Equivalents And Short Term Investments
1.19
-55.31%
2.67
-75.47%
10.87
-5.39%
11.49
Cash And Cash Equivalents
0.60
-54.17%
1.32
-87.87%
10.87
-5.39%
11.49
Cash Financial
—
2.67
-75.48%
10.87
-5.39%
11.49
Other Short Term Investments
0.59
-56.42%
1.35
—
—
Receivables
1.17
+58.37%
0.74
+12.18%
0.66
-79.19%
3.18
Accounts Receivable
—
0.00
-100.00%
0.66
-79.19%
3.18
Other Receivables
0.01
—
—
—
Accrued Interest Receivable
0.09
0.00
—
—
Inventory
0.96
+638.50%
0.13
-70.90%
0.45
0.00
Prepaid Assets
—
—
0.79
+24.93%
0.63
Restricted Cash
6.85
-78.93%
32.53
0.00
—
Other Current Assets
1.15
-33.75%
1.73
+119.90%
0.79
—
Total Non Current Assets
194.55
+622.60%
26.92
-37.60%
43.15
+56.48%
27.57
Net PPE
40.15
+86.36%
21.55
-2.72%
22.15
-6.27%
23.63
Gross PPE
65.06
+51.28%
43.00
+57.26%
27.35
-30.91%
39.58
Accumulated Depreciation
-24.91
-16.06%
-21.46
-312.72%
-5.20
+67.41%
-15.95
Land And Improvements
12.83
+0.05%
12.82
+692.64%
1.62
+2.86%
1.57
Buildings And Improvements
0.05
+0.00%
0.05
—
—
Machinery Furniture Equipment
—
—
0.00
-100.00%
11.59
Construction In Progress
17.40
+5.26%
16.53
0.00
-100.00%
0.11
Other Properties
22.16
+2154.97%
0.98
-92.46%
13.03
-4.27%
13.62
Investments And Advances
1.71
-50.93%
3.48
-81.48%
18.78
+651.20%
2.50
Long Term Equity Investment
1.71
-50.93%
3.48
-81.48%
18.78
+651.20%
2.50
Other Non Current Assets
152.41
+9917.60%
1.52
-28.31%
2.12
+93.74%
1.10
Total Liabilities Net Minority Interest
286.92
+161.48%
109.73
+97.24%
55.63
+23.03%
45.22
Current Liabilities
84.80
+8.34%
78.27
+185.32%
27.43
+65.91%
16.54
Payables And Accrued Expenses
31.31
+32.38%
23.65
+99.73%
11.84
+12.49%
10.53
Payables
14.23
+62.58%
8.75
-25.41%
11.74
+27.52%
9.20
Accounts Payable
4.25
+25.96%
3.37
-31.41%
4.92
+51.48%
3.25
Other Payable
0.97
+2.00%
0.95
-62.37%
2.52
+29.41%
1.95
Current Accrued Expenses
17.08
+14.64%
14.90
+13840.56%
0.11
-91.93%
1.33
Current Debt And Capital Lease Obligation
46.90
+2.47%
45.76
+193.53%
15.59
+159.54%
6.01
Current Debt
45.71
+0.08%
45.68
+290.22%
11.70
+99.90%
5.86
Other Current Borrowings
45.71
+0.08%
45.68
+290.22%
11.70
+99.90%
5.86
Current Capital Lease Obligation
1.18
+1231.44%
0.09
-97.71%
3.89
+2459.74%
0.15
Other Current Liabilities
6.59
-25.53%
8.85
—
—
Total Non Current Liabilities Net Minority Interest
202.12
+542.49%
31.46
+11.56%
28.20
-1.69%
28.68
Long Term Debt And Capital Lease Obligation
173.62
+12895.20%
1.34
-83.09%
7.90
-18.68%
9.72
Long Term Debt
151.84
+31107.34%
0.49
—
9.17
Long Term Capital Lease Obligation
21.78
+2463.65%
0.85
-89.25%
7.90
+1340.83%
0.55
Other Non Current Liabilities
28.50
-5.38%
30.12
+48.42%
20.30
+7.01%
18.97
Stockholders Equity
-79.49
-82.60%
-43.53
-15390.50%
0.28
+112.14%
-2.35
Common Stock Equity
-79.49
-82.60%
-43.53
-15390.50%
0.28
+112.14%
-2.35
Capital Stock
0.01
+2.29%
0.01
+14.18%
0.01
+2.64%
0.01
Common Stock
0.01
+2.29%
0.01
+14.18%
0.01
+2.64%
0.01
Share Issued
78.02
+2.32%
76.25
+14.18%
66.78
+2.60%
65.08
Ordinary Shares Number
78.02
+2.32%
76.25
+14.18%
66.78
+2.60%
65.08
Additional Paid In Capital
186.41
+2.56%
181.75
+8.50%
167.52
+2.49%
163.44
Retained Earnings
-265.91
-18.03%
-225.29
-34.71%
-167.24
-0.87%
-165.79
Minority Interest
-1.56
-5.96%
-1.47
—
—
Total Equity Gross Minority Interest
-81.05
-80.09%
-45.01
-15908.20%
0.28
+112.14%
-2.35
Total Capitalization
72.35
+268.08%
-43.04
-15219.60%
0.28
-95.83%
6.82
Working Capital
-73.48
-81.56%
-40.47
-175.94%
-14.67
-1085.35%
-1.24
Invested Capital
118.07
+4388.15%
2.63
-78.06%
11.99
-5.44%
12.68
Total Debt
220.51
+368.18%
47.10
+100.48%
23.49
+49.41%
15.72
Net Debt
196.95
+339.20%
44.84
+5293.07%
0.83
-76.45%
3.53
Capital Lease Obligations
22.96
+2347.03%
0.94
-92.04%
11.79
+1583.39%
0.70
Net Tangible Assets
-79.49
-82.60%
-43.53
-15390.50%
0.28
+112.14%
-2.35
Tangible Book Value
-79.49
-82.60%
-43.53
-15390.50%
0.28
+112.14%
-2.35
Current Notes Payable
—
—
—
0.07
Duefrom Related Parties Current
1.08
+45.87%
0.74
—
—
Dueto Related Parties Current
9.01
+103.43%
4.43
+3.16%
4.30
+7.20%
4.01
Interest Payable
2.13
+339.00%
0.49
+354.16%
0.11
-91.93%
1.33
Non Current Note Receivables
0.28
-26.13%
0.38
+282.77%
0.10
-71.71%
0.35
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
-21.24
-8.83%
-19.52
-865.69%
2.55
+108.76%
-29.09
Cash Flow From Continuing Operating Activities
-21.24
-8.83%
-19.52
-868.57%
2.54
+108.73%
-29.09
Net Income From Continuing Operations
-39.34
-1.59%
-38.72
-2578.68%
-1.45
+95.55%
-32.50
Depreciation Amortization Depletion
3.80
+7.16%
3.55
+0.60%
3.53
+9.25%
3.23
Depreciation
3.80
+7.16%
3.55
+0.60%
3.53
+9.25%
3.23
Amortization Cash Flow
1.54
+26.22%
1.22
—
—
Depreciation And Amortization
3.80
+7.16%
3.55
+0.60%
3.53
+9.25%
3.23
Amortization Of Intangibles
1.54
+26.22%
1.22
—
—
Other Non Cash Items
1.25
+6.16%
1.17
-19.85%
1.47
+11.93%
1.31
Stock Based Compensation
3.27
-0.53%
3.29
—
—
Provisionand Write Offof Assets
0.29
0.00
—
—
Operating Gains Losses
0.01
+100.96%
-0.97
+83.37%
-5.81
-490.03%
1.49
Gain Loss On Investment Securities
0.41
-27.27%
0.56
-67.70%
1.74
+59.30%
1.09
Unrealized Gain Loss On Investment Securities
0.05
+709.13%
-0.01
+21.86%
-0.01
—
Gain Loss On Sale Of PPE
-0.40
+73.85%
-1.53
+66.09%
-4.51
—
Change In Working Capital
8.98
-23.21%
11.69
+142.22%
4.83
+284.61%
-2.61
Change In Receivables
-0.62
-301.83%
0.31
-87.73%
2.51
+186.49%
-2.91
Changes In Account Receivables
-0.01
-101.01%
0.66
-73.73%
2.51
+186.49%
-2.91
Change In Inventory
-0.83
-362.08%
0.32
+170.90%
-0.45
-396.80%
0.15
Change In Prepaid Assets
0.58
+161.94%
-0.94
-481.93%
-0.16
+63.97%
-0.45
Change In Payables And Accrued Expense
9.47
-20.47%
11.91
+285.83%
3.09
+421.41%
0.59
Change In Accrued Expense
2.52
-82.95%
14.79
+3967.37%
0.36
+29.07%
0.28
Change In Payable
6.95
+340.79%
-2.89
-205.97%
2.72
+777.86%
0.31
Change In Account Payable
6.95
+340.79%
-2.89
-205.97%
2.72
+777.86%
0.31
Change In Other Working Capital
0.38
+13621.88%
0.00
—
—
Change In Other Current Assets
—
0.75
+556.14%
-0.17
—
Change In Other Current Liabilities
0.00
-100.00%
0.10
0.00
—
Investing Cash Flow
-125.40
-295.05%
-31.74
-2719.70%
-1.13
+80.98%
-5.92
Cash Flow From Continuing Investing Activities
-125.40
-295.05%
-31.74
-2719.70%
-1.13
+80.98%
-5.92
Net PPE Purchase And Sale
-0.66
+68.43%
-2.09
-112.35%
16.91
+650.94%
-3.07
Purchase Of PPE
-1.06
+70.72%
-3.62
—
—
Sale Of PPE
0.40
-75.38%
1.62
—
—
Capital Expenditure
-1.06
+70.72%
-3.62
—
-3.07
Net Investment Purchase And Sale
-124.74
-320.63%
-29.66
0.00
—
Purchase Of Investment
0.00
+100.00%
-30.30
0.00
—
Sale Of Investment
26.51
+4032.10%
0.64
0.00
—
Net Business Purchase And Sale
—
0.00
+100.00%
-18.28
-631.39%
-2.50
Purchase Of Business
—
0.00
+100.00%
-18.28
-631.39%
-2.50
Net Other Investing Changes
—
0.22
-11.22%
0.25
+171.71%
-0.35
Financing Cash Flow
145.68
+221.24%
45.35
+4564.11%
-1.02
-102.79%
36.40
Cash Flow From Continuing Financing Activities
145.68
+221.24%
45.35
+4564.11%
-1.02
-102.79%
36.40
Net Issuance Payments Of Debt
0.64
+188.45%
0.22
+124.16%
-0.92
-1173.63%
-0.07
Issuance Of Debt
0.64
-53.47%
1.38
-46.11%
2.56
+327.17%
0.60
Repayment Of Debt
—
-1.16
+66.76%
-3.49
-418.34%
-0.67
Long Term Debt Issuance
0.64
-53.47%
1.38
-46.11%
2.56
+327.17%
0.60
Long Term Debt Payments
—
-1.16
+66.76%
-3.49
-418.34%
-0.67
Net Long Term Debt Issuance
0.64
+188.45%
0.22
+124.16%
-0.92
-1173.63%
-0.07
Net Common Stock Issuance
—
0.00
+100.00%
-0.09
-100.40%
23.57
Common Stock Payments
—
0.00
+100.00%
-0.09
+98.35%
-5.65
Repurchase Of Capital Stock
—
0.00
+100.00%
-0.09
+98.35%
-5.65
Proceeds From Stock Option Exercised
0.19
0.00
0.00
-100.00%
2.67
Net Other Financing Charges
144.85
+220.99%
45.13
—
10.23
Changes In Cash
-0.96
+83.69%
-5.91
-1550.82%
0.41
-70.61%
1.39
Beginning Cash Position
5.08
-53.80%
10.99
-12.69%
12.59
+12.38%
11.20
End Cash Position
4.11
-18.99%
5.08
-60.93%
13.00
+3.24%
12.59
Free Cash Flow
-22.30
+3.60%
-23.14
-1007.57%
2.55
+107.93%
-32.16
Interest Paid Supplemental Data
—
—
0.02
-96.73%
0.71
Change In Interest Payable
1.99
+426.64%
0.38
+3.75%
0.36
+29.07%
0.28
Common Stock Issuance
—
—
0.00
-100.00%
29.22
Earnings Losses From Equity Investments
0.41
-27.27%
0.56
—
—
Issuance Of Capital Stock
—
—
0.00
-100.00%
29.22
SEC Filings

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

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
Published Title Author Category