A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Consensus Rating of "Buy" from Analysts

Key Points

• A-Mark Precious Metals has received a consensus rating of "Buy" from analysts, with two analysts issuing a strong buy recommendation and the average 12-month target price set at $33.00.
• The company reported an EPS of $0.76 for the recent quarter, exceeding the consensus estimate of $0.57, but its revenue of $2.51 billion fell short of the expected $2.91 billion.
• A-Mark Precious Metals recently declared a quarterly dividend of $0.20, with an annualized yield of 3.0%, and a dividend payout ratio of 115.94%.

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) have been given an average recommendation of "Buy" by the five research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $33.00.

A number of research analysts have weighed in on the stock. Roth Capital raised shares of A-Mark Precious Metals to a "strong-buy" rating in a research report on Wednesday, September 10th. Zacks Research raised shares of A-Mark Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 11th. Finally, DA Davidson reissued a "buy" rating and set a $29.00 target price on shares of A-Mark Precious Metals in a research report on Wednesday, September 10th.

A-Mark Precious Metals Stock Up 1.2%

Shares of AMRK stock traded up $0.32 on Friday, hitting $26.86. The company's stock had a trading volume of 210,837 shares, compared to its average volume of 269,228. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.56 and a quick ratio of 0.42. A-Mark Precious Metals has a fifty-two week low of $19.39 and a fifty-two week high of $46.31. The firm's fifty day moving average price is $23.23 and its 200-day moving average price is $23.34. The stock has a market capitalization of $661.68 million, a price-to-earnings ratio of 38.92 and a beta of 0.16.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.19. A-Mark Precious Metals had a net margin of 0.16% and a return on equity of 7.77%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the previous year, the business earned $0.76 EPS. Research analysts anticipate that A-Mark Precious Metals will post 2.11 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Friday, July 18th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 3.0%. A-Mark Precious Metals's payout ratio is currently 115.94%.

Insiders Place Their Bets

In other news, Director Moorhead John sold 2,600 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $26.97, for a total transaction of $70,122.00. Following the transaction, the director owned 32,974 shares in the company, valued at approximately $889,308.78. The trade was a 7.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 48.64% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in A-Mark Precious Metals by 16.6% in the second quarter. American Century Companies Inc. now owns 1,461,989 shares of the company's stock valued at $32,427,000 after acquiring an additional 208,300 shares during the period. Vanguard Group Inc. increased its stake in A-Mark Precious Metals by 12.4% in the first quarter. Vanguard Group Inc. now owns 1,152,737 shares of the company's stock valued at $29,245,000 after acquiring an additional 127,072 shares during the period. Invesco Ltd. increased its stake in A-Mark Precious Metals by 120.5% in the first quarter. Invesco Ltd. now owns 524,342 shares of the company's stock valued at $13,303,000 after acquiring an additional 286,512 shares during the period. Geode Capital Management LLC increased its stake in A-Mark Precious Metals by 6.3% in the second quarter. Geode Capital Management LLC now owns 462,582 shares of the company's stock valued at $10,262,000 after acquiring an additional 27,551 shares during the period. Finally, Invenomic Capital Management LP bought a new stake in A-Mark Precious Metals in the first quarter valued at about $8,552,000. 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.