Wedbush Securities Inc. Has $9.89 Million Position in Gold.com Inc. $GOLD

Wedbush Securities Inc. trimmed its stake in shares of Gold.com Inc. (NYSE:GOLD) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 237,804 shares of the company’s stock after selling 12,622 shares during the quarter. Wedbush Securities Inc.’s holdings in Gold.com were worth $9,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of GOLD. Charles Schwab Investment Management Inc. bought a new position in shares of Gold.com during the fourth quarter valued at $32,408,000. Jacobs Asset Management LLC acquired a new position in Gold.com in the fourth quarter valued at about $10,215,000. Bard Associates Inc. bought a new stake in Gold.com during the fourth quarter worth about $3,078,000. Gamco Investors INC. ET AL acquired a new position in shares of Gold.com in the 4th quarter worth approximately $1,083,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Gold.com in the 1st quarter worth approximately $2,618,000. 62.85% of the stock is currently owned by institutional investors.

Gold.com Stock Performance

Shares of GOLD stock opened at $45.49 on Friday. The stock has a 50-day moving average of $42.30 and a 200-day moving average of $45.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29. The stock has a market cap of $1.32 billion, a PE ratio of 15.58 and a beta of 0.54. Gold.com Inc. has a one year low of $22.00 and a one year high of $66.70.

Wall Street Analysts Forecast Growth

GOLD has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Roth Capital set a $52.00 price target on shares of Gold.com in a research report on Thursday, May 7th. Finally, Canaccord Genuity Group began coverage on shares of Gold.com in a research report on Tuesday, June 9th. They issued a “buy” rating and a $70.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.75.

Gold.com Company Profile

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.