A-Mark Precious Metals (NASDAQ:AMRK) Stock Rating Upgraded by Wall Street Zen

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Several other equities analysts also recently commented on AMRK. DA Davidson lowered their target price on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Northland Securities decreased their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a report on Friday, February 7th. Finally, B. Riley decreased their price target on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, A-Mark Precious Metals has a consensus rating of "Hold" and a consensus price target of $40.50.

A-Mark Precious Metals Price Performance

Shares of NASDAQ:AMRK traded down $0.50 on Friday, reaching $19.82. 221,139 shares of the company traded hands, compared to its average volume of 307,051. A-Mark Precious Metals has a fifty-two week low of $19.75 and a fifty-two week high of $47.39. The company's 50 day moving average is $23.95 and its 200-day moving average is $26.79. The stock has a market capitalization of $488.07 million, a PE ratio of 9.67 and a beta of 0.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.54). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.66 billion. As a group, analysts anticipate that A-Mark Precious Metals will post 2.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMRK. JPMorgan Chase & Co. raised its position in A-Mark Precious Metals by 136.3% in the third quarter. JPMorgan Chase & Co. now owns 35,207 shares of the company's stock worth $1,555,000 after purchasing an additional 20,309 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of A-Mark Precious Metals by 14.5% during the fourth quarter. SG Americas Securities LLC now owns 7,511 shares of the company's stock worth $206,000 after buying an additional 949 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of A-Mark Precious Metals during the fourth quarter worth approximately $307,000. Empowered Funds LLC increased its holdings in shares of A-Mark Precious Metals by 4.6% during the fourth quarter. Empowered Funds LLC now owns 17,640 shares of the company's stock worth $483,000 after buying an additional 782 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of A-Mark Precious Metals by 2.1% during the fourth quarter. Rhumbline Advisers now owns 29,814 shares of the company's stock worth $817,000 after buying an additional 621 shares in the last quarter. Institutional investors and hedge funds 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.