A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Plans Quarterly Dividend of $0.20

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) announced a quarterly dividend on Friday, April 4th, RTT News reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.20 per share on Tuesday, April 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.59%.

A-Mark Precious Metals has a payout ratio of 26.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect A-Mark Precious Metals to earn $2.59 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 30.9%.

A-Mark Precious Metals Trading Down 4.0 %

Shares of AMRK stock opened at $22.28 on Friday. A-Mark Precious Metals has a fifty-two week low of $21.28 and a fifty-two week high of $47.39. The company has a 50 day moving average price of $27.38 and a 200 day moving average price of $31.38. The stock has a market capitalization of $512.86 million, a P/E ratio of 10.87 and a beta of 0.07. 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 (NASDAQ:AMRK) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. Equities research analysts predict that A-Mark Precious Metals will post 2.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. DA Davidson reaffirmed a “buy” rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Finally, Northland Securities decreased their price target 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 note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.75.

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.