Roth Capital upgraded shares of A-Mark Precious Metals (NASDAQ:AMRK - Free Report) to a strong-buy rating in a report released on Wednesday,Zacks.com reports.
Several other brokerages have also commented on AMRK. DA Davidson reaffirmed a "buy" rating and issued a $29.00 price target on shares of A-Mark Precious Metals in a research note on Wednesday, September 10th. Wall Street Zen raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, A-Mark Precious Metals presently has a consensus rating of "Buy" and an average price target of $33.00.
Check Out Our Latest Analysis on AMRK
A-Mark Precious Metals Stock Performance
AMRK traded up $0.73 during midday trading on Wednesday, reaching $27.83. The company's stock had a trading volume of 199,980 shares, compared to its average volume of 266,676. The stock has a market cap of $685.73 million, a P/E ratio of 40.30 and a beta of 0.16. The company has a fifty day simple moving average of $23.05 and a 200 day simple moving average of $23.29. The company has a current ratio of 1.56, a quick ratio of 0.42 and a debt-to-equity ratio of 0.50. A-Mark Precious Metals has a twelve month low of $19.39 and a twelve month high of $46.31.
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 analysts' consensus estimates of $0.57 by $0.19. The business had revenue of $2.51 billion for the quarter, compared to analysts' expectations of $2.91 billion. A-Mark Precious Metals had a return on equity of 7.77% and a net margin of 0.16%.During the same period in the previous year, the business posted $0.76 earnings per share. Research analysts expect that A-Mark Precious Metals will post 2.11 earnings per share for the current year.
A-Mark Precious Metals Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, July 18th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, July 18th. A-Mark Precious Metals's dividend payout ratio is 115.94%.
Hedge Funds Weigh In On A-Mark Precious Metals
Several large investors have recently made changes to their positions in AMRK. Invenomic Capital Management LP acquired a new position in shares of A-Mark Precious Metals during the first quarter valued at $8,552,000. Invesco Ltd. increased its holdings 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 purchasing an additional 286,512 shares during the last quarter. Nuveen LLC bought a new stake in A-Mark Precious Metals in the first quarter valued at about $6,350,000. Raymond James Financial Inc. increased its holdings in A-Mark Precious Metals by 2,692.0% in the first quarter. Raymond James Financial Inc. now owns 241,177 shares of the company's stock valued at $6,119,000 after purchasing an additional 232,539 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new stake in A-Mark Precious Metals in the first quarter valued at about $5,754,000. Institutional investors and hedge funds own 75.25% of the company's stock.
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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