A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives $46.67 Consensus Price Target from Brokerages

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have received an average recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $46.67.

Several research analysts recently issued reports on the stock. Northland Securities cut shares of A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Northland Capmk cut shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 8th. B. Riley cut shares of A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a report on Wednesday, May 15th. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Finally, DA Davidson lifted their price objective on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, April 10th.

Insider Activity

In other news, Director Moorhead John sold 2,500 shares of A-Mark Precious Metals stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.46, for a total value of $96,150.00. Following the sale, the director now owns 28,768 shares in the company, valued at $1,106,417.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Gregory N. Roberts sold 15,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $38.93, for a total transaction of $583,950.00. Following the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,097,903.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Moorhead John sold 2,500 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $38.46, for a total value of $96,150.00. Following the transaction, the director now directly owns 28,768 shares in the company, valued at approximately $1,106,417.28. The disclosure for this sale can be found here. Insiders have sold a total of 51,948 shares of company stock worth $1,996,353 over the last 90 days. 23.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMRK. DekaBank Deutsche Girozentrale purchased a new stake in shares of A-Mark Precious Metals during the 4th quarter valued at approximately $67,000. Quest Partners LLC acquired a new position in shares of A-Mark Precious Metals in the 4th quarter valued at $184,000. Capstone Investment Advisors LLC purchased a new position in shares of A-Mark Precious Metals during the 4th quarter worth $220,000. Quantbot Technologies LP increased its position in shares of A-Mark Precious Metals by 192.5% during the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after purchasing an additional 4,895 shares during the last quarter. Finally, Raymond James & Associates purchased a new stake in A-Mark Precious Metals in the 4th quarter valued at about $236,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Trading Up 2.5 %

Shares of A-Mark Precious Metals stock opened at $33.41 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. The firm has a fifty day moving average price of $37.85 and a 200 day moving average price of $31.85. A-Mark Precious Metals has a 1 year low of $23.14 and a 1 year high of $42.48. The stock has a market cap of $763.42 million, a PE ratio of 10.25 and a beta of -0.04.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Tuesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.56). A-Mark Precious Metals had a return on equity of 20.24% and a net margin of 0.77%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Equities research analysts predict that A-Mark Precious Metals will post 3.93 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th were given a $0.20 dividend. The ex-dividend date was Monday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.39%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 24.54%.

A-Mark Precious Metals Company Profile

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.