A-Mark Precious Metals, Inc. Declares Quarterly Dividend of $0.20 (NASDAQ:AMRK)

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) declared a quarterly dividend on Thursday, April 3rd, RTT News reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.20 per share on Tuesday, April 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Tuesday, April 15th.

A-Mark Precious Metals has a payout ratio of 26.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect A-Mark Precious Metals to earn $2.59 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 30.9%.

A-Mark Precious Metals Trading Up 6.9 %

A-Mark Precious Metals stock traded up $1.43 during trading on Wednesday, hitting $22.32. The company's stock had a trading volume of 165,432 shares, compared to its average volume of 345,040. The stock's fifty day moving average is $27.01 and its 200 day moving average is $30.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. A-Mark Precious Metals has a 1-year low of $20.69 and a 1-year high of $47.39. The stock has a market capitalization of $513.81 million, a price-to-earnings ratio of 11.14 and a beta of 0.41.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its 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 return on equity of 9.29% and a net margin of 0.46%. As a group, equities research analysts predict that A-Mark Precious Metals will post 2.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AMRK shares. Northland Securities decreased their price objective 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 note on Friday, February 7th. DA Davidson reiterated a "buy" rating and issued a $35.00 price target on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Finally, StockNews.com upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, A-Mark Precious Metals currently has an average rating of "Hold" and an average target price of $41.75.

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.