A-Mark Precious Metals, Inc. (AMRK) to Issue Quarterly Dividend of $0.20 on January 28th

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) declared a quarterly dividend on Thursday, January 2nd,RTT News reports. Shareholders of record on Tuesday, January 14th will be paid a dividend of 0.20 per share on Tuesday, January 28th. This represents a $0.80 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Tuesday, January 14th.

A-Mark Precious Metals has a payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings.

A-Mark Precious Metals Stock Performance

Shares of AMRK opened at $28.08 on Friday. The company has a 50-day moving average of $29.16 and a two-hundred day moving average of $35.45. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. The stock has a market cap of $651.01 million, a P/E ratio of 11.95 and a beta of -0.01. A-Mark Precious Metals has a 12-month low of $24.22 and a 12-month high of $47.39.

Wall Street Analyst Weigh In

AMRK has been the subject of a number of analyst reports. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. DA Davidson cut their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, A-Mark Precious Metals presently has a consensus rating of “Hold” and an average price target of $46.33.

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.