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AREC
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ARECAmerican Resources Corporation
$1.09$117M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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AREC logo

American Resources Corporation

AREC
NASDAQ · Lithium & Rare Earths
$1.09
At close - Nov 6, 4:00 PM EST - USD
Market Cap$117M
P/E1.7x
52W High$4.80
Volume1.82M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2025Q4

Strategic Pivot Masks Severe Operational Financial Instability

American Resources Corporation is currently undergoing a high-risk transition from legacy metallurgical coal mining to an unproven rare earth element processing model, which has resulted in a near-total cessation of revenue.

GrowthContracting
ProfitabilityNegative
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

AREC price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

3/12 Beats

EPS beat 3 of last 12 quarters

02

Valuation risk

-90% Peers

P/E is 90% below peer median

03

Market leadership

RS 9 · Lag

Laggard (Underperforming 91% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 13

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AREC-58.35%
S&P 500 (^GSPC)+7.63%
1-Year Return
AREC-68.62%
S&P 500 (^GSPC)+9.69%
3-Year Return
AREC-16.69%
S&P 500 (^GSPC)+86.79%
5-Year Return
AREC-53.37%
S&P 500 (^GSPC)+73.69%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
1.7x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
1.7x
3.9x
0th· Low
EV/EBITDA
N/A
N/A
N/A
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
-
Net income FY25
$55M+238.2% YoY
Free cash flow FY25
-$18M+23.5% YoY
Operating margin FY25
-
ROIC (FY25)-8.2%
Avg ROIC 5Y-558.6%
ROE (FY25)982.5%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate3/12 (25%)
Revenue Beat Rate0/12 (0%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 31, 2026
-$0.06+27.9%
vs -$0.08
—
vs —
Q3 2026
Jul 16, 2026
-$0.12-24.0%
vs -$0.10
$95,349-109.5%
vs $1M
Q3 2026
Jul 15, 2026
-$0.12-24.0%
vs -$0.10
$95,349-109.5%
vs $1M
Q3 2026
Jul 14, 2026
-$0.12-24.0%
vs -$0.10
$95,349-109.5%
vs $1M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Accesswire·Oct 21, 2026
American Resources Corporation and ReElement Technologies Advance Strategic Partnership with Uzbekistan to Commercially Demonstrate High-Purity Tungsten Refining

New agreement with Uzbekistan Technological Metals Complex and the Uzbekistan Fund for Reconstruction and Development advances collaboration beyond the November 2025 MOU toward a commercial demonstration program Following successful technical validation of Uzbek-sourced tungsten, ReElement will advance commercial demonstration activities and evaluate future deployment of its advanced refining technology in Uzbekistan Collaboration establishes a new model for U.S.-Uzbekistan critical mineral cooperation focused on domestic value creation, technology deployment, and mutually beneficial supply chains FISHERS, IN / ACCESS Newswire / October 21, 2026 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or "AREC"), together with ReElement Technologies Corporation ("ReElement"), a leading U.S. developer and operator of advanced critical mineral separation and refining technologies in which American Resources maintains a strategic minority interest, today announced the execution of a new agreement with Uzbekistan Technological Metals Complex ("UzTMK") and the Fund for Reconstruction and Development of the Republic of Uzbekistan ("UFRD") to advance their strategic collaboration in tungsten processing and refining. The agreement was signed on October 19, 2026, in Samarkand, Uzbekistan, during the American-Uzbek Business and Investment Council event, held in connection with broader U.S.-Uzbekistan and C5+1 diplomatic and commercial engagements involving President Shavkat Mirziyoyev of Uzbekistan, Saida Mirziyoyeva, Head of the Presidential Administration of Uzbekistan, U.S. Secretary of State Marco Rubio, and U.S. Special Envoy for South and Central Asian Affairs Sergio Gor.

Accesswire·Oct 14, 2026
American Resources Corporation Appoints Datuk Wira Mark Ling as CEO of Newly Formed American Resources Indo Pacific to Lead Rare Earth Supply Chain Development in Malaysia

American Resources Indo Pacific to anchor the development of a connected rare earth supply chain in Malaysia - bringing together complementary capabilities spanning upstream mining, advanced separation and refining, digital traceability, and downstream industrial applications ReElement Technologies to establish a rare earth separation and refining footprint in Malaysia utilizing its proprietary, patented processing technologies SAGINT Inc.'s Digital Warehouse Receipt technology provides one independently checkable record per lot of material provenance, processing, custody, and movement across the entire supply chain FISHERS, IN / ACCESS Newswire / October 14, 2026 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), along with its strategic minority holding in ReElement Technologies Corporation ("ReElement"), a leading U.S. operator and developer of advanced rare earth and critical mineral refining capacity, today announced the formation of American Resources Indo Pacific and the appointment of Datuk Wira Mark Ling as its Chief Executive Officer. American Resources Indo Pacific will lead the Company's expansion across the Indo-Pacific region, beginning with the development of a connected rare earth supply chain in Malaysia that brings together complementary capabilities across upstream mining, advanced separation and refining, digital traceability, and downstream industrial applications.

Accesswire·Oct 5, 2026
American Resources Corporation, ReElement Technologies and Electrified Materials Announce October Conference Participation

October events connect company leadership with institutional investors and commercial partners across battery recycling, electronics recovery and critical materials supply chains FISHERS, IN / ACCESS Newswire / October 5, 2026 / American Resource Corporation (NASDAQ:AREC) together with ReElement Technologies Corporation ("ReElement") a leading U.S. developer and operator of advanced rare earth and critical mineral refining capacity in which American Resources holds a strategic minority interest, and Electrified Materials Corporation ("Electrified Materials"), American Resources' majority-owned critical materials recycling and processing subsidiary, today announced participation in three industry and investor conferences during October. The events will provide opportunities to engage with investors, customers and commercial partners across battery recycling, electronics recovery and critical mineral supply chains.

Defense World·Oct 5, 2026
American Resources Corporation (NASDAQ:AREC) Stock Has Average Target Price of $6.00

Shares of American Resources Corporation (NASDAQ: AREC - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year

Filtered for American Resources CorporationMore Headlines
04

Compare before deciding

Benchmark AREC against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for American Resources Corporation (AREC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AREC logoARECAmerican Resources CorporationCurrent
$1.09$116.6M1.66-100%—982.55%—
METC logoMETCRamaco Resources, Inc.
$6.24$335.74M-5.93-19.46%-12.24%-16.07%1.4%
AMR logoAMRAlpha Metallurgical Resources, Inc.
$147.93$1.88B-37.64-27.99%-2.37%-3.29%0.02%
HCC logoHCCWarrior Met Coal, Inc.
$84.15$4.44B19.18-14.12%12.47%10.34%0.4%
MP logoMPMP Materials Corp.
$35.41$6.3B-159.7910.1%-9.9%-1.74%—
UUUU logoUUUUEnergy Fuels Inc.
$6.66$1.66B-14.52-15.61%-99.99%-14.77%—

Compare AREC vs Peers

American Resources Corporation (AREC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs METC

Most directly comparable listed peer for AREC.

Scale Benchmark

vs TSLA

Larger-name benchmark to compare AREC against a more recognizable public peer.

Peer Set

Compare Top 5

vs METC, AMR, HCC, MP

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

AREC SEC Filings & Documents

American Resources Corporation (AREC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 24, 2026·SEC

Material company update

Jul 24, 2026·SEC

Material company update

Jul 21, 2026·SEC

10-K Annual Reports

3
FY 2026

May 20, 2026·SEC

FY 2025

May 19, 2025·SEC

FY 2024

Apr 15, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 14, 2025·SEC

FY 2025

Aug 19, 2025·SEC

FY 2025

May 28, 2025·SEC

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AREC Frequently Asked Questions

American Resources Corporation (AREC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is American Resources Corporation's revenue?

American Resources Corporation (AREC) reported $-0.0M in revenue over the trailing twelve months.

How fast is American Resources Corporation growing?

American Resources Corporation (AREC) revenue fell by 100.0% over the trailing twelve months, compared with the twelve months before.

Is AREC profitable?

Yes. American Resources Corporation (AREC) earned $57.3M in net income over the trailing twelve months.

Dividend & Returns
What is AREC's return on equity?

American Resources Corporation (AREC) had a return on equity (ROE) of 982.5% in fiscal year 2025. That is well above the market's typical 10-15%.

What is American Resources Corporation's free cash flow?

American Resources Corporation (AREC) had negative free cash flow of $11.4M over the trailing twelve months.

What if you invested $1,000 in AREC back in 2014?

Total return calculator · dividends reinvested · 12+ years of data

See returns →