171,655 Shares in Gold.com Inc. $GOLD Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 171,655 shares of Gold.com worth approximately $7.14 million, while institutional investors and hedge funds collectively own 62.85% of the stock.
• Analysts maintain a generally positive outlook, with four Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $58.
• Gold.com recently reported weaker-than-expected quarterly results, including EPS of $0.41 versus the $0.96 consensus estimate and revenue of $5.01 billion versus $5.67 billion expected; the company also declared a special $0.20-per-share dividend.

Bank of New York Mellon Corp purchased a new stake in Gold.com Inc. (NYSE:GOLD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 171,655 shares of the company's stock, valued at approximately $7,143,000. Bank of New York Mellon Corp owned 0.59% of Gold.com as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC purchased a new position in shares of Gold.com in the 4th quarter valued at $35,000. Larson Financial Group LLC purchased a new stake in Gold.com during the 4th quarter worth $41,000. Caitong International Asset Management Co. Ltd purchased a new stake in Gold.com during the 4th quarter worth $42,000. New York State Teachers Retirement System acquired a new stake in Gold.com in the 4th quarter valued at $55,000. Finally, CANADA LIFE ASSURANCE Co acquired a new stake in Gold.com in the 4th quarter valued at $76,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on GOLD. Weiss Ratings reissued a "hold (c+)" rating on shares of Gold.com in a research report on Monday, August 17th. Canaccord Genuity Group lowered their target price on Gold.com from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday. DA Davidson reiterated a "buy" rating and set a $60.00 target price on shares of Gold.com in a report on Thursday. Roth Capital set a $52.00 price target on Gold.com in a research report on Thursday, May 7th. Finally, Northland Securities set a $55.00 price target on Gold.com in a report on Thursday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

Gold.com Trading Down 4.9%

NYSE:GOLD opened at $41.67 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18. Gold.com Inc. has a one year low of $22.00 and a one year high of $66.70. The business's 50-day simple moving average is $42.43 and its 200 day simple moving average is $44.53. The stock has a market cap 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 posted its quarterly earnings data 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). Gold.com had a return on equity of 18.15% and a net margin of 0.32%.The business 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 firm earned $0.41 earnings per share. As a group, sell-side analysts predict that Gold.com Inc. will post 3.63 earnings per share for the current fiscal year.

Gold.com Dividend Announcement

The business also recently declared a special dividend, which will be paid on Monday, September 28th. Stockholders 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 presently 27.40%.

Gold.com Profile

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.

Want to see what other hedge funds are holding GOLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gold.com Inc. (NYSE:GOLD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.