Brokerages Set A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Target Price at $41.75

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have been given a consensus recommendation of “Hold” by the five research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $41.75.

A number of equities analysts recently commented on AMRK shares. Northland Securities lowered their target price on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, DA Davidson reiterated a “buy” rating and set a $35.00 target price on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK opened at $28.42 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $27.67 and a two-hundred day simple moving average of $32.70. The company has a market cap of $654.20 million, a price-to-earnings ratio of 13.86 and a beta of 0.07. A-Mark Precious Metals has a 52 week low of $25.01 and a 52 week high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. As a group, equities analysts anticipate that A-Mark Precious Metals will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were issued a $0.20 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.81%. A-Mark Precious Metals’s payout ratio is 39.02%.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of institutional investors and hedge funds have recently made changes to their positions in AMRK. Victory Capital Management Inc. purchased a new stake in shares of A-Mark Precious Metals in the third quarter valued at about $226,000. Empowered Funds LLC raised its holdings in shares of A-Mark Precious Metals by 5.0% in the third quarter. Empowered Funds LLC now owns 16,858 shares of the company’s stock valued at $744,000 after buying an additional 804 shares during the last quarter. Quest Partners LLC raised its holdings in shares of A-Mark Precious Metals by 748,300.0% in the third quarter. Quest Partners LLC now owns 7,484 shares of the company’s stock valued at $330,000 after buying an additional 7,483 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in A-Mark Precious Metals during the third quarter worth about $356,000. Finally, Intech Investment Management LLC purchased a new position in A-Mark Precious Metals during the third quarter worth about $251,000. 75.25% of the stock is owned by hedge funds and other institutional investors.

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.