Gold.com Inc. (NYSE:GOLD) Receives $59.75 Average PT from Brokerages

Shares of Gold.com Inc. (NYSE:GOLD) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $59.75.

GOLD has been the topic of a number of analyst reports. Weiss Ratings raised shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Roth Capital set a $52.00 price target on shares of Gold.com in a research report on Thursday, May 7th. Canaccord Genuity Group began coverage on shares of Gold.com in a report on Tuesday, June 9th. They set a “buy” rating and a $70.00 price target on the stock. Zacks Research downgraded shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, DA Davidson reiterated a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a research note on Tuesday, April 28th.

Insiders Place Their Bets

In other Gold.com news, major shareholder Tether Global Investments Fund acquired 58,536 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were acquired at an average price of $43.11 per share, with a total value of $2,523,486.96. Following the completion of the transaction, the insider owned 200,000 shares in the company, valued at approximately $8,622,000. This trade represents a 41.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gregory N. Roberts sold 40,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total value of $1,663,200.00. Following the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. This represents a 58.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have purchased 730,338 shares of company stock worth $31,842,096 over the last quarter. 0.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. bought a new stake in shares of Gold.com in the 4th quarter worth approximately $32,408,000. Jacobs Asset Management LLC bought a new stake in shares of Gold.com in the fourth quarter valued at $10,215,000. Bard Associates Inc. purchased a new position in shares of Gold.com during the 4th quarter valued at $3,078,000. Gamco Investors INC. ET AL purchased a new position in shares of Gold.com during the 4th quarter valued at $1,083,000. Finally, Simcoe Capital LLC bought a new position in shares of Gold.com during the 4th quarter worth $3,134,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Gold.com Stock Performance

Shares of Gold.com stock traded down $2.27 on Friday, hitting $39.44. The company had a trading volume of 425,219 shares, compared to its average volume of 378,992. The firm has a market capitalization of $1.14 billion, a PE ratio of 13.51 and a beta of 0.55. Gold.com has a 1 year low of $20.55 and a 1 year high of $66.70. The stock’s 50 day simple moving average is $42.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29.

Gold.com (NYSE:GOLD) last announced its earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $1.62. The company had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Gold.com had a return on equity of 17.82% and a net margin of 0.35%. Equities analysts anticipate that Gold.com will post 5.31 earnings per share for the current year.

Gold.com Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Gold.com’s dividend payout ratio is currently 27.40%.

Gold.com announced that its Board of Directors has approved a share buyback plan on Wednesday, April 8th that allows the company to buyback 2,000,000,000,000 shares. This buyback authorization allows the company to repurchase up to 7.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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.