A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) rose 8.6% on Friday . The stock traded as high as $26.81 and last traded at $27.15. Approximately 158,593 shares traded hands during trading, a decline of 39% from the average daily volume of 259,883 shares. The stock had previously closed at $25.01.
Wall Street Analysts Forecast Growth
AMRK has been the topic of several analyst reports. 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. Roth Capital raised A-Mark Precious Metals to a "strong-buy" rating in a research report on Wednesday. Finally, Wall Street Zen raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, A-Mark Precious Metals has a consensus rating of "Moderate Buy" and an average price target of $33.00.
Check Out Our Latest Research Report on AMRK
A-Mark Precious Metals Stock Up 10.7%
The company has a current ratio of 1.56, a quick ratio of 0.39 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $22.88 and a 200-day moving average price of $23.35. The firm has a market cap of $681.65 million, a P/E ratio of 40.28 and a beta of 0.16.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.19. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.91 billion. A-Mark Precious Metals had a return on equity of 7.85% and a net margin of 0.16%.During the same quarter in the prior year, the company earned $0.76 EPS. On average, equities analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.
A-Mark Precious Metals Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, July 18th. A-Mark Precious Metals's dividend payout ratio is 54.05%.
Institutional Investors Weigh In On A-Mark Precious Metals
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMRK. PNC Financial Services Group Inc. raised its stake in A-Mark Precious Metals by 118.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,311 shares of the company's stock valued at $29,000 after buying an additional 711 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in A-Mark Precious Metals in the first quarter valued at about $41,000. Tower Research Capital LLC TRC raised its stake in A-Mark Precious Metals by 624.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,143 shares of the company's stock valued at $48,000 after buying an additional 1,847 shares during the last quarter. CWM LLC raised its stake in A-Mark Precious Metals by 1,192.3% in the first quarter. CWM LLC now owns 2,184 shares of the company's stock valued at $55,000 after buying an additional 2,015 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in A-Mark Precious Metals in the first quarter valued at about $70,000. 75.25% of the stock is currently owned by hedge funds and other institutional investors.
A-Mark Precious Metals Company Profile
(
Get Free Report)
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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