A-Mark Precious Metals (NASDAQ:AMRK) Earns "Buy" Rating from DA Davidson

Key Points

• DA Davidson has reaffirmed its "Buy" rating for A-Mark Precious Metals (NASDAQ:AMRK) with a target price of $29.00, indicating a potential upside of 30.17% from the recent close.
• Wall Street Zen upgraded A-Mark Precious Metals from a "sell" to a "hold" rating, with the stock currently having a consensus rating of "Hold" and an average price target of $33.00.
• Institutional investors hold a significant stake in A-Mark Precious Metals, with 75.25% of the stock owned by such entities, highlighting strong institutional interest.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at DA Davidson in a report issued on Wednesday,Benzinga reports. They presently have a $29.00 target price on the stock. DA Davidson's price objective points to a potential upside of 7.57% from the stock's previous close. DA Davidson also issued estimates for A-Mark Precious Metals' FY2027 earnings at $3.78 EPS.

Separately, Wall Street Zen upgraded shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $33.00.

A-Mark Precious Metals Stock Down 0.1%

Shares of NASDAQ AMRK traded down $0.02 during midday trading on Wednesday, reaching $26.96. The company's stock had a trading volume of 395,212 shares, compared to its average volume of 265,455. The stock has a market capitalization of $663.89 million, a price-to-earnings ratio of 39.07 and a beta of 0.16. A-Mark Precious Metals has a fifty-two week low of $19.39 and a fifty-two week high of $47.39. The stock has a 50 day simple moving average of $22.96 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 (NASDAQ:AMRK - Get Free Report) last issued its earnings results on Tuesday, September 9th. The company reported $0.76 earnings per share 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 net margin of 0.16% and a return on equity of 7.77%. During the same period in the previous year, the company earned $0.76 earnings per share. Equities research analysts predict that A-Mark Precious Metals will post 2.11 earnings per share for the current year.

Institutional Investors Weigh In On A-Mark Precious Metals

Several institutional investors and hedge funds have recently bought and sold shares of AMRK. Invenomic Capital Management LP bought a new stake in A-Mark Precious Metals during the first quarter worth about $8,552,000. Invesco Ltd. lifted its position in A-Mark Precious Metals by 120.5% during the first quarter. Invesco Ltd. now owns 524,342 shares of the company's stock worth $13,303,000 after purchasing an additional 286,512 shares during the period. Nuveen LLC bought a new stake in A-Mark Precious Metals during the first quarter worth about $6,350,000. Raymond James Financial Inc. lifted its position in A-Mark Precious Metals by 2,692.0% during the first quarter. Raymond James Financial Inc. now owns 241,177 shares of the company's stock worth $6,119,000 after purchasing an additional 232,539 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in A-Mark Precious Metals during the first quarter worth about $5,754,000. Institutional investors own 75.25% of the company's stock.

About A-Mark Precious Metals

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.