Analysts Set A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Target Price at $46.33

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has earned a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $46.33.

Several research firms have issued reports on AMRK. DA Davidson decreased 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 note on Thursday, November 7th. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th.

Insider Buying and Selling

In related news, Director Jess M. Ravich sold 14,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the transaction, the director now owns 190,500 shares in the company, valued at approximately $8,702,040. This trade represents a 7.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory N. Roberts sold 4,320 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $44.00, for a total transaction of $190,080.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,240,888. The trade was a 13.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,316 shares of company stock valued at $4,911,036. Insiders own 48.64% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Hobbs Group Advisors LLC purchased a new position in A-Mark Precious Metals in the third quarter valued at approximately $26,000. Quarry LP raised its holdings in A-Mark Precious Metals by 94.1% in the second quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after buying an additional 539 shares during the period. nVerses Capital LLC purchased a new position in A-Mark Precious Metals in the second quarter valued at approximately $45,000. Strategic Investment Solutions Inc. IL purchased a new position in A-Mark Precious Metals in the third quarter valued at approximately $88,000. Finally, Victory Capital Management Inc. purchased a new position in A-Mark Precious Metals in the third quarter valued at approximately $226,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Price Performance

A-Mark Precious Metals stock opened at $28.89 on Thursday. A-Mark Precious Metals has a 12-month low of $24.22 and a 12-month high of $47.39. The stock has a market capitalization of $669.79 million, a P/E ratio of 12.30 and a beta of -0.01. The firm’s 50-day moving average is $40.53 and its two-hundred day moving average is $37.87. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.39.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 10.93% and a net margin of 0.57%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.64 billion. Equities analysts predict that A-Mark Precious Metals will post 3.54 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a $0.20 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.77%. A-Mark Precious Metals’s dividend payout ratio is presently 34.04%.

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.