Brokerages Set A-Mark Precious Metals, Inc. (NASDAQ:AMRK) PT at $46.33

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $46.33.

AMRK has been the topic of a number of recent research reports. DA Davidson lowered their price target on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds have recently bought and sold shares of the company. CWA Asset Management Group LLC lifted its holdings in shares of A-Mark Precious Metals by 38.6% during the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock worth $10,094,000 after acquiring an additional 102,524 shares during the period. JPMorgan Chase & Co. raised its position in A-Mark Precious Metals by 136.3% during the third quarter. JPMorgan Chase & Co. now owns 35,207 shares of the company’s stock valued at $1,555,000 after purchasing an additional 20,309 shares in the last quarter. Barclays PLC lifted its stake in A-Mark Precious Metals by 349.0% during the third quarter. Barclays PLC now owns 28,536 shares of the company’s stock worth $1,259,000 after purchasing an additional 22,181 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of A-Mark Precious Metals in the 3rd quarter valued at $26,000. Finally, Geode Capital Management LLC increased its stake in shares of A-Mark Precious Metals by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock valued at $19,072,000 after purchasing an additional 22,087 shares during the last quarter. 75.25% of the stock is owned by institutional investors.

A-Mark Precious Metals Stock Down 0.4 %

AMRK stock opened at $27.50 on Friday. A-Mark Precious Metals has a fifty-two week low of $24.22 and a fifty-two week high of $47.39. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. The stock has a market capitalization of $637.56 million, a price-to-earnings ratio of 11.70 and a beta of -0.01. The business’s fifty day moving average price is $30.02 and its two-hundred day moving average price is $35.63.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, January 24th. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 34.04%.

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.