A-Mark Precious Metals (NASDAQ:AMRK) Rating Increased to Hold at StockNews.com

A-Mark Precious Metals (NASDAQ:AMRK) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, DA Davidson dropped their price target on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $46.33.

A-Mark Precious Metals Price Performance

Shares of AMRK opened at $25.79 on Thursday. The business has a 50-day moving average of $33.19 and a 200-day moving average of $36.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. The company has a market capitalization of $597.92 million, a price-to-earnings ratio of 10.97 and a beta of -0.06. A-Mark Precious Metals has a 1 year low of $24.22 and a 1 year high of $47.39.

Hedge Funds Weigh In On A-Mark Precious Metals

Several institutional investors have recently added to or reduced their stakes in AMRK. Barclays PLC increased its stake in shares of A-Mark Precious Metals by 349.0% in the 3rd quarter. Barclays PLC now owns 28,536 shares of the company’s stock valued at $1,259,000 after acquiring an additional 22,181 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in A-Mark Precious Metals in the third quarter valued at $26,000. Geode Capital Management LLC increased its stake in A-Mark Precious Metals by 5.4% in the third quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock valued at $19,072,000 after purchasing an additional 22,087 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of A-Mark Precious Metals during the third quarter valued at about $418,000. Finally, Epacria Capital Partners LLC boosted its position in shares of A-Mark Precious Metals by 31.3% during the 3rd quarter. Epacria Capital Partners LLC now owns 16,600 shares of the company’s stock worth $733,000 after purchasing an additional 3,955 shares in the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

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.