Equities Analysts Offer Predictions for AMRK FY2027 Earnings

Key Points

• DA Davidson projects A-Mark Precious Metals will achieve earnings per share of $3.78 for FY2027, compared to the current consensus estimate of $2.11 per share.
• The stock has recently been given a buy rating by multiple analysts, with an average target price set at $33.00 and a "Moderate Buy" consensus rating.
• A-Mark Precious Metals has announced a quarterly dividend of $0.20, yielding 3.3%, reflecting a payout ratio of 54.05%.

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) - Investment analysts at DA Davidson issued their FY2027 earnings per share estimates for A-Mark Precious Metals in a research report issued to clients and investors on Wednesday, September 10th. DA Davidson analyst M. Baker forecasts that the company will post earnings per share of $3.78 for the year. DA Davidson has a "Buy" rating and a $29.00 price objective on the stock. The consensus estimate for A-Mark Precious Metals' current full-year earnings is $2.11 per share.

Several other equities analysts have also recently issued reports on the company. Wall Street Zen upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Roth Capital upgraded A-Mark Precious Metals to a "strong-buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, A-Mark Precious Metals presently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

A-Mark Precious Metals Stock Down 1.7%

AMRK opened at $24.04 on Thursday. The business's 50-day simple moving average is $22.83 and its 200-day simple moving average is $23.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 1.56. A-Mark Precious Metals has a one year low of $19.39 and a one year high of $47.39. The stock has a market capitalization of $591.86 million, a P/E ratio of 34.84 and a beta of 0.16.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in shares of A-Mark Precious Metals by 624.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,143 shares of the company's stock worth $48,000 after acquiring an additional 1,847 shares in the last quarter. Cannell Capital LLC boosted its stake in shares of A-Mark Precious Metals by 22.3% during the 2nd quarter. Cannell Capital LLC now owns 228,384 shares of the company's stock worth $5,066,000 after acquiring an additional 41,608 shares in the last quarter. Engineers Gate Manager LP boosted its stake in shares of A-Mark Precious Metals by 147.1% during the 2nd quarter. Engineers Gate Manager LP now owns 43,123 shares of the company's stock worth $956,000 after acquiring an additional 25,674 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of A-Mark Precious Metals by 574.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 48,204 shares of the company's stock worth $1,069,000 after acquiring an additional 41,052 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in shares of A-Mark Precious Metals by 53.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 164,732 shares of the company's stock worth $3,654,000 after acquiring an additional 57,468 shares in the last quarter. Hedge funds and other institutional investors own 75.25% of the company's stock.

A-Mark Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Friday, July 18th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, July 18th. A-Mark Precious Metals's payout ratio is currently 54.05%.

A-Mark Precious Metals Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.