A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives $46.33 Consensus Target Price from Brokerages

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have earned a consensus rating of “Hold” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $46.33.

A number of research analysts have issued reports on AMRK shares. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. DA Davidson lowered 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 report on Thursday, November 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AMRK. Bard Associates Inc. increased its holdings in A-Mark Precious Metals by 0.4% in the 3rd quarter. Bard Associates Inc. now owns 93,411 shares of the company’s stock worth $4,125,000 after acquiring an additional 396 shares in the last quarter. Quarry LP grew its position in shares of A-Mark Precious Metals by 94.1% in the second quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after purchasing an additional 539 shares during the period. Hobbs Group Advisors LLC acquired a new position in shares of A-Mark Precious Metals during the 3rd quarter worth about $26,000. Empowered Funds LLC raised its position in shares of A-Mark Precious Metals by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 16,858 shares of the company’s stock worth $744,000 after purchasing an additional 804 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in A-Mark Precious Metals by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 36,396 shares of the company’s stock valued at $1,178,000 after buying an additional 1,222 shares in the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock opened at $28.22 on Friday. The stock has a market cap of $654.25 million, a PE ratio of 12.01 and a beta of -0.01. A-Mark Precious Metals has a 52-week low of $24.22 and a 52-week high of $47.39. The business has a 50-day simple moving average of $30.26 and a 200-day simple moving average of $35.65. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.83%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 34.04%.

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.