Bank of America Corp DE Acquires 32,637 Shares of Gold.com Inc. $GOLD

Key Points

• Bank of America more than doubled its Gold.com stake in the first quarter, adding 32,637 shares to hold 60,575 shares worth approximately $2.43 million, or 0.21% of the company.
• Institutional investors own 62.85% of Gold.com, with several other funds initiating or increasing positions during the fourth quarter.
• Analysts maintain a generally positive outlook, giving the stock a consensus “Moderate Buy” rating and an average price target of $59.75, compared with its recent opening price of $43.13.

Bank of America Corp DE increased its holdings in Gold.com Inc. (NYSE:GOLD - Free Report) by 116.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,575 shares of the company's stock after acquiring an additional 32,637 shares during the period. Bank of America Corp DE owned about 0.21% of Gold.com worth $2,428,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GOLD. CWM LLC bought a new stake in Gold.com during the 4th quarter worth approximately $35,000. Larson Financial Group LLC bought a new position in shares of Gold.com in the fourth quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Gold.com during the fourth quarter valued at approximately $42,000. New York State Teachers Retirement System purchased a new position in shares of Gold.com during the fourth quarter valued at approximately $55,000. Finally, CANADA LIFE ASSURANCE Co bought a new stake in Gold.com during the fourth quarter worth $76,000. Institutional investors own 62.85% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on GOLD. Weiss Ratings reiterated a "hold (c+)" rating on shares of Gold.com in a 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. Roth Capital set a $52.00 price objective on shares of Gold.com in a research note on Thursday, May 7th. Finally, Canaccord Genuity Group began coverage on shares of Gold.com in a research report on Tuesday, June 9th. They set a "buy" rating and a $70.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.75.

Gold.com Price Performance

Shares of NYSE GOLD opened at $43.13 on Wednesday. The stock has a fifty day simple moving average of $42.37 and a two-hundred day simple moving average of $44.77. Gold.com Inc. has a 1-year low of $22.00 and a 1-year high of $66.70. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 14.77 and a beta of 0.56. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11.

About Gold.com

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.

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