A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report)‘s stock had its “buy” rating restated by research analysts at DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They presently have a $35.00 price target on the stock. DA Davidson’s price target indicates a potential upside of 30.35% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. Northland Securities cut their target price on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.75.
View Our Latest Analysis on A-Mark Precious Metals
A-Mark Precious Metals Price Performance
Shares of AMRK opened at $26.85 on Tuesday. The company has a market capitalization of $618.06 million, a P/E ratio of 13.10 and a beta of 0.07. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $27.58 and a 200 day moving average of $33.09. A-Mark Precious Metals has a twelve month low of $25.01 and a twelve month high of $47.39.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. As a group, equities research analysts anticipate that A-Mark Precious Metals will post 2.11 earnings per share for the current fiscal year.
Institutional Investors Weigh In On A-Mark Precious Metals
A number of hedge funds have recently modified their holdings of AMRK. FMR LLC grew its position in shares of A-Mark Precious Metals by 1,714.4% during the 3rd quarter. FMR LLC now owns 1,209,801 shares of the company’s stock valued at $53,425,000 after acquiring an additional 1,143,125 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of A-Mark Precious Metals during the 4th quarter valued at $5,059,000. CWA Asset Management Group LLC grew its position in shares of A-Mark Precious Metals by 38.6% during the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock valued at $10,094,000 after acquiring an additional 102,524 shares during the period. Invesco Ltd. grew its position in shares of A-Mark Precious Metals by 47.2% during the 4th quarter. Invesco Ltd. now owns 237,830 shares of the company’s stock valued at $6,517,000 after acquiring an additional 76,301 shares during the period. Finally, Evergreen Capital Management LLC grew its position in shares of A-Mark Precious Metals by 92.6% during the 4th quarter. Evergreen Capital Management LLC now owns 157,033 shares of the company’s stock valued at $4,303,000 after acquiring an additional 75,486 shares during the period. Institutional investors own 75.25% of the company’s stock.
A-Mark Precious Metals Company Profile
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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