Gold.com Inc. (NYSE:GOLD) to Issue $0.20 Special Dividend

Key Points

• Gold.com declared a $0.20-per-share special dividend, payable September 28 to shareholders of record on September 16; the ex-dividend date is also September 16.
• The company reported quarterly EPS of $0.41, missing the $0.96 consensus estimate, while revenue of $5.01 billion fell short of the $5.67 billion forecast.
• Analyst sentiment remains cautiously positive, with a consensus “Moderate Buy” rating and an average price target of $58, despite some recent downgrades and reduced targets.

Gold.com Inc. (NYSE:GOLD - Get Free Report) declared a special dividend on Monday, August 31st. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.20 per share on Monday, September 28th. The ex-dividend date of this dividend is Wednesday, September 16th.

Gold.com Stock Performance

NYSE GOLD opened at $48.13 on Monday. The stock has a 50 day simple moving average of $42.99 and a two-hundred day simple moving average of $44.05. Gold.com has a fifty-two week low of $23.00 and a fifty-two week high of $66.70. The stock has a market cap of $1.40 billion, a P/E ratio of 16.48 and a beta of 0.56.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Gold.com from a "hold" rating to a "sell" rating in a report on Saturday. Canaccord Genuity Group dropped their price target on Gold.com from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Thursday, September 3rd. Weiss Ratings restated a "hold (c+)" rating on shares of Gold.com in a research note on Monday, August 17th. Zacks Research lowered Gold.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Finally, DA Davidson reaffirmed a "buy" rating and set a $60.00 price objective on shares of Gold.com in a research report on Thursday, September 3rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $58.00.

Gold.com Company Profile

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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