Symbols / AREC Stock $2.14 +10.31% American Resources Corporation

Basic Materials • Coking Coal • United States • NCM
AREC (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Basic Materials
Industry Coking Coal
CEO Mr. Mark C. Jensen
Exch · Country NCM · United States
Market Cap 228.92M
Enterprise Value 429.19M
Income -20.77M
Sales 95.03K
FCF (ttm) 4.87M
Book/sh -0.94
Cash/sh 0.02
Employees 21
Insider 10d
IPO Jun 30, 2017
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E
Forward P/E -7.38
PEG
P/S 2,409.01
P/B -2.28
P/C
EV/EBITDA -21.65
EV/Sales 4,516.54
Quick Ratio 0.03
Current Ratio 0.10
Debt/Eq
LT Debt/Eq
EPS (ttm) -0.20
EPS next Y -0.29
EPS Growth
Revenue Growth -99.90%
EPS Gr Q/Q
Rev Gr Q/Q
Earnings (next) 2026-05-22
Earnings (prior) 2025-11-24
ROA -7.27%
ROE
ROIC
Gross Margin 0.00%
Oper. Margin -26,200.81%
Profit Margin 0.00%
Shs Outstand 106.97M
Shs Float 81.23M
Insider Own 19.25%
Instit Own 27.31%
Short Float 9.19%
Short Ratio 3.59
Short Interest 9.65M
52W High 7.11
vs 52W High -69.90%
52W Low 0.61
vs 52W Low 248.53%
Beta 1.15
Impl. Vol. 6.25%
Rel Volume 1.59
Avg Volume 2.55M
Volume 4.06M
Target (mean) $5.75
Tgt Median $5.50
Tgt Low $5.00
Tgt High $7.00
# Analysts 4
Recom Strong_buy
Prev Close $1.94
Price $2.14
Change 10.31%

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.14
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
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 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
0.00
-100.00%
0.03
-99.71%
11.82
-70.05%
39.47
Operating Revenue
0.00
-100.00%
0.03
-99.71%
11.82
-70.05%
39.47
Cost Of Revenue
0.32
-40.74%
0.54
-94.87%
10.57
-58.50%
25.47
Reconciled Cost Of Revenue
0.32
-40.74%
0.54
-94.87%
10.57
-58.29%
25.34
Gross Profit
-0.32
+36.77%
-0.51
-140.63%
1.25
-91.06%
14.00
Operating Expense
10.27
-25.12%
13.71
-51.19%
28.09
-26.08%
38.00
Research And Development
0.11
-75.27%
0.43
-96.16%
11.31
-59.79%
28.13
Selling General And Administration
10.04
-23.69%
13.15
+7.70%
12.21
+138.35%
5.12
General And Administrative Expense
10.04
-23.69%
13.15
+7.70%
12.21
+138.35%
5.12
Other Gand A
10.04
-23.69%
13.15
+7.70%
12.21
+138.35%
5.12
Other Operating Expenses
0.99
-2.37%
1.02
-24.44%
1.34
Total Expenses
10.59
-25.71%
14.25
-63.13%
38.66
-39.09%
63.47
Operating Income
-10.59
+25.53%
-14.22
+47.02%
-26.84
-11.83%
-24.00
Total Operating Income As Reported
-11.31
+20.47%
-14.22
+60.91%
-36.38
-86.66%
-19.49
EBITDA
-15.95
-11.39%
-14.32
+56.87%
-33.19
-1046.79%
3.51
Normalized EBITDA
-10.03
+29.91%
-14.32
+39.47%
-23.65
-17.53%
-20.12
Reconciled Depreciation
0.12
-0.27%
0.12
-96.52%
3.55
+0.60%
3.53
EBIT
-16.07
-11.30%
-14.44
+60.69%
-36.74
-188110.92%
-0.02
Total Unusual Items
-5.91
0.00
+100.00%
-9.54
-140.37%
23.63
Total Unusual Items Excluding Goodwill
-5.91
0.00
+100.00%
-9.54
-140.37%
23.63
Special Income Charges
-5.91
0.00
+100.00%
-9.54
-140.37%
23.63
Other Special Charges
5.91
+2357.29%
0.24
-97.83%
11.07
+454.77%
-3.12
Net Income
55.41
+241.66%
-39.12
-1.53%
-38.53
-2565.02%
-1.45
Pretax Income
-17.83
-11.74%
-15.96
+58.78%
-38.72
-2578.68%
-1.45
Net Non Operating Interest Income Expense
-1.19
+17.77%
-1.44
+26.30%
-1.96
-40.33%
-1.40
Interest Expense Non Operating
1.76
+15.93%
1.52
-23.46%
1.99
+39.40%
1.43
Net Interest Income
-1.19
+17.77%
-1.44
+26.30%
-1.96
-40.33%
-1.40
Interest Expense
1.76
+15.93%
1.52
-23.46%
1.99
+39.40%
1.43
Interest Income Non Operating
0.58
+632.98%
0.08
+160.65%
0.03
-2.43%
0.03
Interest Income
0.58
+632.98%
0.08
+160.65%
0.03
-2.43%
0.03
Other Income Expense
-6.06
-1925.23%
-0.30
+96.99%
-9.93
-141.47%
23.95
Other Non Operating Income Expenses
-0.06
-156.27%
0.11
-35.55%
0.17
-46.13%
0.32
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
55.39
+241.27%
-39.20
-1.24%
-38.72
-2578.68%
-1.45
Net Income From Continuing Operation Net Minority Interest
-17.81
-12.19%
-15.87
+58.80%
-38.53
-2565.02%
-1.45
Net Income From Continuing And Discontinued Operation
55.41
+241.66%
-39.12
-1.53%
-38.53
-2565.02%
-1.45
Net Income Continuous Operations
-17.83
-11.74%
-15.96
+58.78%
-38.72
-2578.68%
-1.45
Net Income Discontinuous Operations
73.22
+415.02%
-23.24
Minority Interests
0.03
-69.79%
0.09
-55.55%
0.20
Normalized Income
-11.89
+25.07%
-15.87
+45.24%
-28.99
-15.61%
-25.08
Net Income Common Stockholders
55.41
+241.66%
-39.12
-1.53%
-38.53
-2565.02%
-1.45
Diluted EPS
-0.51
-240.00%
-0.15
-650.00%
-0.02
Basic EPS
-0.51
-240.00%
-0.15
-650.00%
-0.02
Basic Average Shares
77.22
+2.39%
75.42
+13.73%
66.32
Diluted Average Shares
77.22
+2.39%
75.42
+13.73%
66.32
Diluted NI Availto Com Stockholders
55.41
+241.66%
-39.12
-1.53%
-38.53
-2565.02%
-1.45
Amortization
1.54
+26.22%
1.22
-1.27%
1.24
Amortization Of Intangibles Income Statement
1.54
+26.22%
1.22
-1.27%
1.24
Depreciation Amortization Depletion Income Statement
0.12
-0.27%
0.12
-96.52%
3.55
+4.41%
3.40
Depreciation And Amortization In Income Statement
0.12
-0.27%
0.12
-96.52%
3.55
+4.41%
3.40
Depreciation Income Statement
0.12
-0.27%
0.12
-94.70%
2.32
+7.68%
2.16
Earnings From Equity Interest
-0.08
+79.46%
-0.41
+27.27%
-0.56
Gain On Sale Of PPE
0.40
-73.85%
1.53
-92.54%
20.51
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
168.91
-40.03%
281.65
+335.15%
64.73
+15.75%
55.92
Current Assets
134.26
+44.53%
92.90
+145.74%
37.80
+196.08%
12.77
Cash Cash Equivalents And Short Term Investments
72.17
+9049.45%
0.79
-70.42%
2.67
-75.47%
10.87
Cash And Cash Equivalents
31.70
+15636.40%
0.20
-84.72%
1.32
-87.87%
10.87
Cash Financial
2.67
-75.48%
10.87
Other Short Term Investments
40.47
+6790.21%
0.59
-56.42%
1.35
Receivables
59.46
-27.19%
81.66
+10916.22%
0.74
+12.18%
0.66
Accounts Receivable
59.37
-27.21%
81.57
0.00
-100.00%
0.66
Gross Accounts Receivable
121.40
+48.83%
81.57
Allowance For Doubtful Accounts Receivable
-62.03
0.00
Other Receivables
0.01
Accrued Interest Receivable
0.09
+0.00%
0.09
0.00
Inventory
0.96
+638.50%
0.13
-70.90%
0.45
Prepaid Assets
0.79
Restricted Cash
6.85
-78.93%
32.53
0.00
Assets Held For Sale Current
0.00
-100.00%
9.83
Other Current Assets
2.64
+325.00%
0.62
-64.15%
1.73
+119.90%
0.79
Total Non Current Assets
34.64
-81.65%
188.76
+601.09%
26.92
-37.60%
43.15
Net PPE
1.90
-20.61%
2.39
-88.89%
21.55
-2.72%
22.15
Gross PPE
2.50
-12.89%
2.87
-93.32%
43.00
+57.26%
27.35
Accumulated Depreciation
-0.60
-25.67%
-0.48
+97.77%
-21.46
-312.72%
-5.20
Land And Improvements
0.61
+0.00%
0.61
-95.20%
12.82
+692.64%
1.62
Buildings And Improvements
0.05
+0.00%
0.05
Machinery Furniture Equipment
0.00
Construction In Progress
0.13
+40.31%
0.09
-99.44%
16.53
0.00
Other Properties
1.76
-18.83%
2.17
+120.38%
0.98
-92.46%
13.03
Investments And Advances
32.36
+1796.63%
1.71
-50.93%
3.48
-81.48%
18.78
Long Term Equity Investment
32.36
+1796.63%
1.71
-50.93%
3.48
-81.48%
18.78
Other Non Current Assets
0.38
-99.79%
184.38
+12018.69%
1.52
-28.31%
2.12
Total Liabilities Net Minority Interest
75.72
-79.12%
362.57
+230.42%
109.73
+97.24%
55.63
Current Liabilities
61.21
-63.21%
166.40
+112.59%
78.27
+185.32%
27.43
Payables And Accrued Expenses
55.47
+140.58%
23.06
-2.52%
23.65
+99.73%
11.84
Payables
53.18
+164.02%
20.14
+130.11%
8.75
-25.41%
11.74
Accounts Payable
1.09
-48.83%
2.14
-36.63%
3.37
-31.41%
4.92
Other Payable
0.47
+0.60%
0.47
-50.36%
0.95
-62.37%
2.52
Current Accrued Expenses
2.29
-21.32%
2.92
-80.43%
14.90
+13840.56%
0.11
Current Debt And Capital Lease Obligation
1.39
+81.44%
0.76
-98.33%
45.76
+193.53%
15.59
Current Debt
45.71
+0.08%
45.68
+290.22%
11.70
Other Current Borrowings
45.71
+0.08%
45.68
+290.22%
11.70
Current Capital Lease Obligation
1.39
+81.44%
0.76
+760.95%
0.09
-97.71%
3.89
Other Current Liabilities
4.35
-96.95%
142.58
+1510.38%
8.85
Total Non Current Liabilities Net Minority Interest
14.51
-92.60%
196.17
+523.57%
31.46
+11.56%
28.20
Liabilities Heldfor Sale Non Current
0.00
-100.00%
188.45
Long Term Debt And Capital Lease Obligation
2.34
+28.14%
1.83
+36.74%
1.34
-83.09%
7.90
Long Term Debt
0.97
-99.36%
151.84
+31107.34%
0.49
Long Term Capital Lease Obligation
1.38
-24.70%
1.83
+115.06%
0.85
-89.25%
7.90
Other Non Current Liabilities
12.17
+106.44%
5.89
-80.43%
30.12
+48.42%
20.30
Stockholders Equity
94.78
+219.43%
-79.36
-82.29%
-43.53
-15390.50%
0.28
Common Stock Equity
94.78
+219.43%
-79.36
-82.29%
-43.53
-15390.50%
0.28
Capital Stock
0.01
+37.04%
0.01
+2.29%
0.01
+14.18%
0.01
Common Stock
0.01
+37.04%
0.01
+2.29%
0.01
+14.18%
0.01
Share Issued
103.09
+32.13%
78.02
+2.32%
76.25
+14.18%
66.78
Ordinary Shares Number
103.09
+32.13%
78.02
+2.32%
76.25
+14.18%
66.78
Additional Paid In Capital
305.12
+63.69%
186.41
+2.56%
181.75
+8.50%
167.52
Retained Earnings
-210.36
+20.85%
-265.77
-17.97%
-225.29
-34.71%
-167.24
Minority Interest
-1.59
-1.70%
-1.56
-5.96%
-1.47
Total Equity Gross Minority Interest
93.19
+215.17%
-80.92
-79.79%
-45.01
-15908.20%
0.28
Total Capitalization
95.74
+220.65%
-79.36
-84.35%
-43.04
-15219.60%
0.28
Working Capital
73.05
+199.39%
-73.50
-81.63%
-40.47
-175.94%
-14.67
Invested Capital
95.74
+220.65%
-79.36
-3116.63%
2.63
-78.06%
11.99
Total Debt
3.73
+43.86%
2.59
-94.50%
47.10
+100.48%
23.49
Net Debt
196.95
+339.20%
44.84
+5293.07%
0.83
Capital Lease Obligations
2.76
+6.61%
2.59
+176.18%
0.94
-92.04%
11.79
Net Tangible Assets
94.78
+219.43%
-79.36
-82.29%
-43.53
-15390.50%
0.28
Tangible Book Value
94.78
+219.43%
-79.36
-82.29%
-43.53
-15390.50%
0.28
Current Notes Payable
Duefrom Related Parties Current
1.08
+45.87%
0.74
Dueto Related Parties Current
51.61
+194.36%
17.53
+295.68%
4.43
+3.16%
4.30
Interest Payable
0.05
-19.89%
0.07
-85.90%
0.49
+354.16%
0.11
Non Current Note Receivables
0.00
-100.00%
0.28
-26.13%
0.38
+282.77%
0.10
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-10.41
-622.74%
1.99
+110.20%
-19.52
-865.69%
2.55
Cash Flow From Continuing Operating Activities
-10.41
-622.74%
1.99
+110.20%
-19.52
-868.57%
2.54
Net Income From Continuing Operations
-17.83
-11.74%
-15.96
+58.78%
-38.72
-2578.68%
-1.45
Depreciation Amortization Depletion
0.12
-0.27%
0.12
-96.52%
3.55
+0.60%
3.53
Depreciation
0.12
-0.27%
0.12
-96.52%
3.55
+0.60%
3.53
Amortization Cash Flow
1.54
+26.22%
1.22
Depreciation And Amortization
0.12
-0.27%
0.12
-96.52%
3.55
+0.60%
3.53
Amortization Of Intangibles
1.54
+26.22%
1.22
Other Non Cash Items
4.72
+3186.00%
0.14
-87.78%
1.17
-19.85%
1.47
Stock Based Compensation
9.24
+182.02%
3.27
-0.53%
3.29
Provisionand Write Offof Assets
0.28
0.00
0.00
Operating Gains Losses
0.08
-79.46%
0.41
+142.34%
-0.97
+83.37%
-5.81
Gain Loss On Investment Securities
0.41
-27.27%
0.56
-67.70%
1.74
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
-7.02
-151.96%
13.51
+15.51%
11.69
+142.22%
4.83
Change In Receivables
-1.97
-123.53%
8.37
+2613.51%
0.31
-87.73%
2.51
Changes In Account Receivables
-1.97
-123.29%
8.46
+1179.98%
0.66
-73.73%
2.51
Change In Inventory
-0.83
-362.08%
0.32
+170.90%
-0.45
Change In Prepaid Assets
-2.02
-2992.49%
0.07
+107.39%
-0.94
-481.93%
-0.16
Change In Payables And Accrued Expense
-3.61
-177.00%
4.69
-60.61%
11.91
+285.83%
3.09
Change In Accrued Expense
-0.62
-205.42%
0.59
-96.01%
14.79
+3967.37%
0.36
Change In Payable
-2.99
-172.91%
4.10
+242.13%
-2.89
-205.97%
2.72
Change In Account Payable
-2.99
-172.91%
4.10
+242.13%
-2.89
-205.97%
2.72
Change In Other Working Capital
0.58
+54.73%
0.37
+13480.01%
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
-39.36
-4260.88%
0.95
+102.98%
-31.74
-2719.70%
-1.13
Cash Flow From Continuing Investing Activities
-39.36
-4260.88%
0.95
+102.98%
-31.74
-2719.70%
-1.13
Net PPE Purchase And Sale
-0.04
-116.15%
0.23
+111.06%
-2.09
-112.35%
16.91
Purchase Of PPE
-0.04
+96.48%
-1.06
+70.72%
-3.62
Sale Of PPE
0.23
-85.79%
1.62
Capital Expenditure
-0.04
+96.48%
-1.06
+70.72%
-3.62
Net Investment Purchase And Sale
-39.32
-5599.49%
0.72
+102.41%
-29.66
0.00
Purchase Of Investment
-39.32
0.00
+100.00%
-30.30
0.00
Sale Of Investment
0.00
-100.00%
0.72
+11.44%
0.64
0.00
Net Business Purchase And Sale
0.00
+100.00%
-18.28
Purchase Of Business
0.00
+100.00%
-18.28
Net Other Investing Changes
0.22
-11.22%
0.25
Financing Cash Flow
81.27
+1967.50%
-4.35
-109.60%
45.35
+4564.11%
-1.02
Cash Flow From Continuing Financing Activities
81.27
+1967.50%
-4.35
-109.60%
45.35
+4564.11%
-1.02
Net Issuance Payments Of Debt
0.97
0.00
-100.00%
0.22
+124.16%
-0.92
Issuance Of Debt
0.97
0.00
-100.00%
1.38
-46.11%
2.56
Repayment Of Debt
-1.16
+66.76%
-3.49
Long Term Debt Issuance
0.97
0.00
-100.00%
1.38
-46.11%
2.56
Long Term Debt Payments
-1.16
+66.76%
-3.49
Net Long Term Debt Issuance
0.97
0.00
-100.00%
0.22
+124.16%
-0.92
Net Common Stock Issuance
68.12
0.00
0.00
+100.00%
-0.09
Common Stock Payments
0.00
+100.00%
-0.09
Repurchase Of Capital Stock
0.00
+100.00%
-0.09
Proceeds From Stock Option Exercised
7.53
+3876.45%
0.19
0.00
0.00
Net Other Financing Charges
4.66
+202.59%
-4.54
-110.06%
45.13
Changes In Cash
33.78
+3603.28%
-0.96
+83.69%
-5.91
-1550.82%
0.41
Beginning Cash Position
4.11
-18.99%
5.08
-53.80%
10.99
-12.69%
12.59
End Cash Position
37.89
+821.23%
4.11
-18.99%
5.08
-60.93%
13.00
Free Cash Flow
-10.45
-624.61%
1.99
+108.61%
-23.14
-1007.57%
2.55
Interest Paid Supplemental Data
0.02
Change In Interest Payable
-0.01
-130.28%
0.04
-88.08%
0.38
+3.75%
0.36
Common Stock Issuance
68.12
0.00
0.00
Earnings Losses From Equity Investments
0.08
-79.46%
0.41
-27.27%
0.56
Issuance Of Capital Stock
68.12
0.00
0.00
Cash Flow From Discontinued Operation
2.28
+406.54%
0.45
SEC Filings

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

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