A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives $41.75 Average PT from Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has been given an average rating of “Hold” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $41.75.

Several research firms have issued reports on AMRK. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Northland Securities dropped their target price on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Finally, DA Davidson reduced their price target on shares of A-Mark Precious Metals from $43.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 7th.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of hedge funds have recently added to or reduced their stakes in AMRK. Private Advisor Group LLC acquired a new position in shares of A-Mark Precious Metals during the third quarter worth approximately $234,000. Strategic Investment Solutions Inc. IL bought a new position in A-Mark Precious Metals in the 3rd quarter worth approximately $88,000. CWA Asset Management Group LLC acquired a new position in A-Mark Precious Metals during the 3rd quarter worth $11,741,000. Nations Financial Group Inc. IA ADV boosted its position in A-Mark Precious Metals by 44.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 55,020 shares of the company’s stock valued at $2,430,000 after buying an additional 16,935 shares during the last quarter. Finally, Aigen Investment Management LP raised its position in shares of A-Mark Precious Metals by 20.8% during the third quarter. Aigen Investment Management LP now owns 9,395 shares of the company’s stock worth $415,000 after acquiring an additional 1,615 shares during the last quarter. Institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Performance

NASDAQ AMRK opened at $27.35 on Friday. A-Mark Precious Metals has a twelve month low of $24.98 and a twelve month high of $47.39. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. The stock has a market cap of $629.48 million, a P/E ratio of 13.34 and a beta of -0.02. The company’s 50-day simple moving average is $27.41 and its 200 day simple moving average is $33.74.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. As a group, research analysts forecast that A-Mark Precious Metals will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were issued a $0.20 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.93%. A-Mark Precious Metals’s dividend payout ratio is 39.02%.

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.