Is American Resources Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: AREC) stock is to Strong Buy AREC stock.
Out of 2 analysts, 1 (50%) are recommending AREC as a Strong Buy, 1 (50%) are recommending AREC as a Buy, 0 (0%) are recommending AREC as a Hold, 0 (0%) are recommending AREC as a Sell, and 0 (0%) are recommending AREC as a Strong Sell.
What is AREC's forecast return on equity (ROE) for 2023-2023?
(NASDAQ: AREC) forecast ROE is 225.85%, which is considered strong.
What is AREC's Price Target?
According to 2 Wall Street analysts that have issued a 1 year AREC price target, the average AREC price target is $4.25, with the highest AREC stock price forecast at $5.00 and the lowest AREC stock price forecast at $3.50.
On average, Wall Street analysts predict that American Resources's share price could reach $4.25 by Aug 16, 2024. The average American Resources stock price prediction forecasts a potential upside of 154.49% from the current AREC share price of $1.67.
What is AREC's forecast return on assets (ROA) for 2023-2023?
(NASDAQ: AREC) forecast ROA is 24.23%, which is higher than the forecast US Coking Coal industry average of 19.87%.
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