Gold.com (NYSE:GOLD) Hits New 12-Month High on Analyst Upgrade

Gold.com Inc. (NYSE:GOLD)’s share price reached a new 52-week high on Monday after DA Davidson raised their price target on the stock from $53.00 to $60.00. DA Davidson currently has a buy rating on the stock. Gold.com traded as high as $60.49 and last traded at $61.52, with a volume of 127817 shares traded. The stock had previously closed at $55.32.

Other equities research analysts also recently issued research reports about the stock. Northland Securities raised shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research report on Friday. Weiss Ratings began coverage on shares of Gold.com in a report on Wednesday, January 14th. They set a “hold (c-)” rating on the stock. Zacks Research upgraded Gold.com from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Roth Mkm set a $60.00 target price on Gold.com in a research report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Gold.com currently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Institutional Trading of Gold.com

Several hedge funds have recently made changes to their positions in GOLD. CWM LLC purchased a new stake in shares of Gold.com during the 4th quarter valued at approximately $35,000. Larson Financial Group LLC acquired a new position in Gold.com in the fourth quarter valued at about $41,000. State of Alaska Department of Revenue purchased a new position in Gold.com during the fourth quarter worth about $44,000. New York State Teachers Retirement System acquired a new stake in shares of Gold.com during the fourth quarter valued at about $55,000. Finally, Daytona Street Capital LLC purchased a new stake in shares of Gold.com in the 4th quarter valued at approximately $68,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Gold.com Trading Up 11.6%

The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 132.69 and a beta of 0.41.

Gold.com (NYSE:GOLD) last announced its earnings results on Thursday, February 5th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. The company had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Gold.com had a return on equity of 7.58% and a net margin of 0.08%.

Gold.com Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 20th will be issued a $0.20 dividend. The ex-dividend date is Friday, February 20th. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. Gold.com’s dividend payout ratio (DPR) is 170.21%.

About Gold.com

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.