In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on American Resources (AREC – Research Report), with a price target of $4.50. The company's shares closed last Wednesday at $2.30. According to TipRanks.com, Ihle is a 4-star analyst with an average return of 8.0% and a 46.6% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Americas Gold and Silver. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Resources with a $4.50 average price target.
https://www.tipranks.com/news/blurbs/h-c-wainwright-sticks-to-their-buy-rating-for-american-resources-arec?utm_source=advfn.com&utm_medium=referral
American Resources (NASDAQ:AREC)
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American Resources (NASDAQ:AREC)
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