Gold.com (NYSE:GOLD) Receives Buy Rating from DA Davidson

Key Points

• DA Davidson reiterated its “Buy” rating on Gold.com and set a $60 price target, implying nearly 44% upside from the prior close. Analysts overall assign the stock a “Moderate Buy” consensus rating with a $58 average target.
• Gold.com shares fell 4.9% to $41.67 in Thursday trading. The decline followed quarterly results that missed expectations, with EPS of $0.41 versus $0.96 forecast and revenue of $5.01 billion versus $5.67 billion expected.
• Institutional investors own 62.85% of the company, with several hedge funds initiating positions recently, including Charles Schwab Investment Management’s approximately $32.4 million stake.

Gold.com (NYSE:GOLD - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at DA Davidson in a research note issued on Thursday, Benzinga reports. They presently have a $60.00 price objective on the stock. DA Davidson's target price indicates a potential upside of 43.99% from the stock's previous close.

Several other equities analysts have also issued reports on the company. Zacks Research lowered Gold.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Gold.com in a research report on Monday, August 17th. Northland Securities set a $55.00 price target on shares of Gold.com in a research note on Thursday. Roth Capital set a $52.00 price target on shares of Gold.com in a research report on Thursday, May 7th. Finally, Canaccord Genuity Group lowered their price objective on shares of Gold.com from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Gold.com currently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Gold.com Trading Down 4.9%

NYSE GOLD traded down $2.15 on Thursday, reaching $41.67. The stock had a trading volume of 2,267,085 shares, compared to its average volume of 607,961. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average price of $42.42 and a two-hundred day moving average price of $44.67. Gold.com has a 12-month low of $22.00 and a 12-month high of $66.70. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.27 and a beta of 0.56.

Gold.com (NYSE:GOLD - Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.55). Gold.com had a return on equity of 17.82% and a net margin of 0.35%.The firm had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $5.67 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. As a group, sell-side analysts forecast that Gold.com will post 5.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Gold.com

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. purchased a new stake in shares of Gold.com during the 4th quarter worth approximately $32,408,000. Jacobs Asset Management LLC acquired a new stake in shares of Gold.com during the fourth quarter worth about $10,215,000. Bard Associates Inc. purchased a new position in shares of Gold.com in the 4th quarter valued at approximately $3,078,000. Gamco Investors INC. ET AL purchased a new position in Gold.com in the 4th quarter valued at $1,083,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Gold.com in the first quarter valued at about $2,618,000. Hedge funds and other institutional investors own 62.85% of the company's stock.

About Gold.com

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.

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