A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday after DA Davidson raised their price target on the stock from $42.00 to $47.00. DA Davidson currently has a buy rating on the stock. A-Mark Precious Metals traded as high as $43.15 and last traded at $42.62, with a volume of 179679 shares changing hands. The stock had previously closed at $40.32.
A number of other research analysts have also issued reports on AMRK. Northland Capmk lowered shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th. B. Riley downgraded A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Wednesday, May 15th. Northland Securities lowered A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Maxim Group began coverage on A-Mark Precious Metals in a research note on Wednesday, May 22nd. They set a “buy” rating and a $63.00 price target on the stock. Finally, StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $47.67.
Read Our Latest Analysis on AMRK
Institutional Trading of A-Mark Precious Metals
A-Mark Precious Metals Stock Up 8.0 %
The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76. The firm has a market cap of $994.88 million, a price-to-earnings ratio of 13.35 and a beta of -0.06. The business’s 50 day moving average price is $35.82 and its 200 day moving average price is $34.57.
A-Mark Precious Metals Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 18th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.80 annualized dividend and a yield of 1.84%. A-Mark Precious Metals’s dividend payout ratio is presently 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.
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