Gold.com (NYSE:GOLD) Downgraded to Hold Rating by Zacks Research

Zacks Research cut shares of Gold.com (NYSE:GOLD) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Several other analysts also recently commented on GOLD. 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 report on Friday, February 6th. Roth Mkm set a $60.00 target price on shares of Gold.com in a report on Wednesday, January 28th. DA Davidson lifted their target price on shares of Gold.com from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Weiss Ratings started coverage on shares of Gold.com in a report on Wednesday, January 14th. They set a “hold (c-)” rating for the company. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Gold.com currently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Gold.com Stock Performance

Shares of GOLD stock opened at $45.78 on Tuesday. The company has a market cap of $1.16 billion, a P/E ratio of 97.41 and a beta of 0.50. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average is $50.99. Gold.com has a 52 week low of $19.39 and a 52 week high of $66.70.

Gold.com (NYSE:GOLD) last announced its earnings results on Thursday, February 5th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.70 by $0.21. The business had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $3.41 billion. Gold.com had a net margin of 0.08% and a return on equity of 7.56%.

Gold.com announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 8th that allows the company to repurchase 2,000,000,000,000 shares. This repurchase authorization allows the company to buy up to 7.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Gold.com Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th were paid a $0.20 dividend. The ex-dividend date was Friday, February 20th. This represents a $0.80 annualized dividend and a yield of 1.7%. Gold.com’s payout ratio is 170.21%.

Insiders Place Their Bets

In other Gold.com news, Director Jeffrey D. Benjamin sold 24,683 shares of Gold.com stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $50.17, for a total value of $1,238,346.11. Following the completion of the sale, the director owned 502,506 shares in the company, valued at $25,210,726.02. The trade was a 4.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder William A. Richardson sold 20,000 shares of Gold.com stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $40.00, for a total transaction of $800,000.00. Following the completion of the sale, the insider owned 277,400 shares of the company’s stock, valued at $11,096,000. This trade represents a 6.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 504,239 shares of company stock worth $29,856,403 in the last quarter. 0.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gold.com

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new position in shares of Gold.com in the 4th quarter valued at approximately $279,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Gold.com in the 4th quarter valued at approximately $129,000. Pacer Advisors Inc. acquired a new position in shares of Gold.com in the 4th quarter valued at approximately $6,185,000. Virtu Financial LLC acquired a new position in shares of Gold.com in the 4th quarter valued at approximately $960,000. Finally, Invesco Ltd. acquired a new position in shares of Gold.com in the 4th quarter valued at approximately $2,087,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

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.