A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Free Report) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $46.67.
A number of brokerages have issued reports on AMRK. DA Davidson raised their price target on A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. B. Riley lowered shares of A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a report on Wednesday, May 15th. Maxim Group assumed coverage on shares of A-Mark Precious Metals in a research note on Wednesday, May 22nd. They set a “buy” rating and a $63.00 price objective for the company. StockNews.com downgraded A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Finally, Northland Capmk lowered A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th.
View Our Latest Stock Analysis on A-Mark Precious Metals
A-Mark Precious Metals Trading Down 3.4 %
Shares of A-Mark Precious Metals stock opened at $35.29 on Monday. The business has a 50 day moving average price of $35.34 and a 200 day moving average price of $33.15. The company has a market capitalization of $806.38 million, a P/E ratio of 10.83 and a beta of -0.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. A-Mark Precious Metals has a 1 year low of $23.14 and a 1 year high of $42.48.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.56). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.18 billion. A-Mark Precious Metals had a net margin of 0.77% and a return on equity of 20.24%. Sell-side analysts anticipate that A-Mark Precious Metals will post 3.93 EPS for the current fiscal year.
A-Mark Precious Metals Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Thursday, July 18th. A-Mark Precious Metals’s payout ratio is 24.54%.
Insider Activity
In related news, CEO Gregory N. Roberts sold 5,000 shares of A-Mark Precious Metals stock in a transaction on Monday, May 20th. The shares were sold at an average price of $39.21, for a total value of $196,050.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares in the company, valued at $1,105,800.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Gregory N. Roberts sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $39.21, for a total value of $196,050.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,105,800.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Moorhead John sold 2,500 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.46, for a total transaction of $96,150.00. Following the sale, the director now directly owns 28,768 shares of the company’s stock, valued at approximately $1,106,417.28. The disclosure for this sale can be found here. In the last three months, insiders sold 51,948 shares of company stock worth $1,996,353. 23.20% of the stock is currently owned by insiders.
Institutional Investors Weigh In On A-Mark Precious Metals
Several large investors have recently made changes to their positions in AMRK. Dimensional Fund Advisors LP grew its position in A-Mark Precious Metals by 10.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock valued at $34,178,000 after buying an additional 106,842 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in A-Mark Precious Metals by 164.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company’s stock worth $3,326,000 after purchasing an additional 68,320 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of A-Mark Precious Metals by 17.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock worth $13,681,000 after buying an additional 67,452 shares during the period. CMC Financial Group purchased a new position in shares of A-Mark Precious Metals in the second quarter worth approximately $1,812,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of A-Mark Precious Metals by 34.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company’s stock valued at $6,172,000 after acquiring an additional 51,531 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.
About A-Mark Precious Metals
A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.
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