Gold.com Inc. (NYSE:GOLD) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Gold.com, with four buy ratings and two holds. The average 12-month price target is $58, above the cited share price of $46.92.
• Gold.com reported quarterly EPS of $0.41, missing the $0.96 consensus estimate, while revenue of $5.01 billion also fell short of expectations. The company declared a special dividend of $0.20 per share, payable September 28 to shareholders of record September 16.
• Insider activity was mixed: a major shareholder bought 100,000 shares, while a director sold 1,500 shares. Institutional investors own approximately 62.85% of the company.

Shares of Gold.com Inc. (NYSE:GOLD - Get Free Report) have received an average rating of "Moderate Buy" from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $58.00.

Several research firms have recently issued reports on GOLD. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Gold.com in a research report on Monday, August 17th. Zacks Research downgraded shares of Gold.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Canaccord Genuity Group reduced 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, September 3rd. Wall Street Zen cut shares of Gold.com from a "hold" rating to a "sell" rating in a report on Saturday, September 12th. Finally, Northland Securities set a $55.00 target price on shares of Gold.com in a research note on Thursday, September 3rd.

Insider Buying and Selling

In other Gold.com news, Director Moorhead John sold 1,500 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $48.41, for a total transaction of $72,615.00. Following the sale, the director directly owned 28,756 shares in the company, valued at approximately $1,392,077.96. This trade represents a 4.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Tether Global Investments Fund purchased 100,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were acquired at an average cost of $39.30 per share, for a total transaction of $3,930,000.00. Following the completion of the acquisition, the insider owned 300,000 shares of the company's stock, valued at approximately $11,790,000. This represents a 50.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 63,167 shares of company stock worth $3,016,077 over the last 90 days. 0.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gold.com

A number of hedge funds have recently bought and sold shares of GOLD. Arizona State Retirement System grew its position in Gold.com by 7.1% in the 2nd quarter. Arizona State Retirement System now owns 5,435 shares of the company's stock worth $226,000 after purchasing an additional 359 shares during the period. Swiss National Bank lifted its holdings in shares of Gold.com by 1.4% during the 1st quarter. Swiss National Bank now owns 36,500 shares of the company's stock valued at $1,463,000 after buying an additional 500 shares during the period. WINTON GROUP Ltd lifted its holdings in shares of Gold.com by 7.6% during the 2nd quarter. WINTON GROUP Ltd now owns 9,900 shares of the company's stock valued at $412,000 after buying an additional 700 shares during the period. Larson Financial Group LLC purchased a new position in shares of Gold.com in the 4th quarter worth $41,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Gold.com by 16.9% in the 1st quarter. Hsbc Holdings PLC now owns 9,593 shares of the company's stock worth $384,000 after buying an additional 1,390 shares during the last quarter. Hedge funds and other institutional investors own 62.85% of the company's stock.

Gold.com Trading Down 1.8%

Shares of NYSE:GOLD opened at $46.92 on Thursday. The stock has a fifty day simple moving average of $43.26 and a two-hundred day simple moving average of $43.85. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 16.07 and a beta of 0.56. Gold.com has a 12-month low of $23.00 and a 12-month high of $66.70.

Gold.com (NYSE:GOLD - Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.96 by ($0.55). Gold.com had a return on equity of 17.22% and a net margin of 0.32%.The company had revenue of $5.01 billion during the quarter, compared to analysts' expectations of $5.67 billion. During the same period in the prior year, the company posted $0.41 earnings per share. As a group, equities research analysts predict that Gold.com will post 3.73 EPS for the current year.

Gold.com Announces Dividend

The company also recently declared a special dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, September 16th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 16th. Gold.com's dividend payout ratio (DPR) is 27.40%.

About Gold.com

Gold.com, Inc, together with its subsidiaries, operates as a precious metals 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. This segment also offers complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.

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