Analysts Set A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Target Price at $46.67

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have been given a consensus rating of “Hold” by the five analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $46.67.

A number of research firms recently issued reports on AMRK. Maxim Group assumed coverage on A-Mark Precious Metals in a report on Wednesday, May 22nd. They set a “buy” rating and a $63.00 price objective for the company. Northland Securities cut A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. B. Riley downgraded A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research note on Wednesday, May 15th. Northland Capmk lowered shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th.

A-Mark Precious Metals Trading Down 2.9 %

AMRK opened at $33.78 on Monday. The stock has a market cap of $772.04 million, a PE ratio of 10.36 and a beta of -0.06. The company has a quick ratio of 0.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.50. A-Mark Precious Metals has a 52 week low of $23.14 and a 52 week high of $42.48. The business has a 50 day moving average of $35.02 and a 200-day moving average of $33.26.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.56). The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.18 billion. A-Mark Precious Metals had a return on equity of 20.24% and a net margin of 0.77%. Equities research analysts predict that A-Mark Precious Metals will post 3.93 earnings per share for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, July 18th. A-Mark Precious Metals’s dividend payout ratio is currently 24.54%.

Insiders Place Their Bets

In related news, CEO Gregory N. Roberts sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $38.93, for a total transaction of $583,950.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,097,903.86. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Gregory N. Roberts sold 5,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $39.21, for a total transaction of $196,050.00. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,105,800.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory N. Roberts sold 15,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $38.93, for a total value of $583,950.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,097,903.86. The disclosure for this sale can be found here. Insiders have sold a total of 49,448 shares of company stock worth $1,900,203 over the last quarter. 23.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in A-Mark Precious Metals during the 2nd quarter worth approximately $45,000. DekaBank Deutsche Girozentrale bought a new position in A-Mark Precious Metals in the fourth quarter valued at about $67,000. Quest Partners LLC bought a new position in A-Mark Precious Metals during the 4th quarter worth $184,000. Capstone Investment Advisors LLC acquired a new stake in shares of A-Mark Precious Metals during the fourth quarter worth $220,000. Finally, Quantbot Technologies LP lifted its stake in A-Mark Precious Metals by 192.5% in the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after buying an additional 4,895 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.

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.