A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Consensus Recommendation of “Hold” from Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has earned a consensus rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $41.75.

AMRK has been the topic of a number of research reports. Northland Securities dropped their target price on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. DA Davidson reiterated a “buy” rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Finally, StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. FMR LLC boosted its holdings in A-Mark Precious Metals by 1,714.4% in the third quarter. FMR LLC now owns 1,209,801 shares of the company’s stock worth $53,425,000 after purchasing an additional 1,143,125 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of A-Mark Precious Metals by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 437,464 shares of the company’s stock worth $11,989,000 after acquiring an additional 5,672 shares in the last quarter. CWA Asset Management Group LLC boosted its stake 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 in the last quarter. Jacobs Asset Management LLC raised its stake in shares of A-Mark Precious Metals by 12.7% in the 4th quarter. Jacobs Asset Management LLC now owns 310,000 shares of the company’s stock valued at $8,494,000 after acquiring an additional 35,000 shares in the last quarter. Finally, Wedbush Securities Inc. raised its stake in shares of A-Mark Precious Metals by 3.8% in the 4th quarter. Wedbush Securities Inc. now owns 275,864 shares of the company’s stock valued at $7,559,000 after acquiring an additional 10,121 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Trading Down 0.5 %

NASDAQ AMRK opened at $28.18 on Wednesday. The firm’s 50 day moving average price is $27.69 and its two-hundred day moving average price is $32.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. A-Mark Precious Metals has a twelve month low of $25.01 and a twelve month high of $47.39. The stock has a market cap of $648.68 million, a price-to-earnings ratio of 13.75 and a beta of 0.07.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities analysts anticipate that A-Mark Precious Metals will post 2.11 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals’s payout ratio is presently 39.02%.

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.