A-Mark Precious Metals (NASDAQ:AMRK) Price Target Cut to $36.00 by Analysts at Northland Securities

A-Mark Precious Metals (NASDAQ:AMRK) had its price objective cut by Northland Securities from $40.00 to $36.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a market perform rating on the stock.

A number of other research analysts have also weighed in on AMRK. DA Davidson decreased their target price on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, A-Mark Precious Metals currently has an average rating of “Hold” and a consensus target price of $41.75.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock opened at $28.58 on Friday. The stock has a market cap of $662.48 million, a P/E ratio of 12.16 and a beta of -0.02. The company has a fifty day moving average price of $27.69 and a two-hundred day moving average price of $34.54. A-Mark Precious Metals has a one year low of $24.22 and a one year high of $47.39. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 10.93%. As a group, equities analysts predict that A-Mark Precious Metals will post 3.54 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.80%. A-Mark Precious Metals’s payout ratio is presently 34.04%.

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds have recently bought and sold shares of the business. Hobbs Group Advisors LLC bought a new position in shares of A-Mark Precious Metals during the third quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL bought a new position in A-Mark Precious Metals during the 3rd quarter worth $88,000. nVerses Capital LLC raised its holdings in A-Mark Precious Metals by 157.1% in the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $159,000 after acquiring an additional 2,200 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of A-Mark Precious Metals by 14.5% during the 4th quarter. SG Americas Securities LLC now owns 7,511 shares of the company’s stock valued at $206,000 after acquiring an additional 949 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth $226,000. 75.25% of the stock is owned by institutional investors.

About A-Mark Precious Metals

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.