A-Mark Precious Metals (NASDAQ:AMRK) Price Target Raised to $52.00 at DA Davidson

A-Mark Precious Metals (NASDAQ:AMRK) had its price objective upped by investment analysts at DA Davidson from $47.00 to $52.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price suggests a potential upside of 16.99% from the stock’s previous close.

Separately, StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $49.33.

A-Mark Precious Metals Stock Down 1.2 %

Shares of AMRK traded down $0.54 during trading hours on Monday, hitting $44.45. The company had a trading volume of 25,036 shares, compared to its average volume of 369,483. The company has a market capitalization of $1.02 billion, a PE ratio of 13.63 and a beta of -0.05. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. A-Mark Precious Metals has a one year low of $23.14 and a one year high of $47.39. The company’s fifty day moving average price is $39.10 and its two-hundred day moving average price is $36.71.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. As a group, equities analysts forecast that A-Mark Precious Metals will post 4.29 earnings per share for the current fiscal year.

Insider Transactions at A-Mark Precious Metals

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 10,975 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $43.30, for a total transaction of $475,217.50. Following the completion of the sale, the director now directly owns 292,535 shares in the company, valued at $12,666,765.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 10,975 shares of A-Mark Precious Metals stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $43.30, for a total transaction of $475,217.50. Following the sale, the director now directly owns 292,535 shares of the company’s stock, valued at $12,666,765.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael R. Wittmeyer sold 25,841 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total transaction of $1,146,048.35. Following the sale, the director now owns 292,535 shares of the company’s stock, valued at approximately $12,973,927.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,316 shares of company stock valued at $4,911,036. 23.20% of the stock is owned by insiders.

Institutional Trading of A-Mark Precious Metals

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capstone Investment Advisors LLC acquired a new position in shares of A-Mark Precious Metals during the 4th quarter worth about $220,000. Campbell & CO Investment Adviser LLC bought a new stake in A-Mark Precious Metals during the fourth quarter valued at $714,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of A-Mark Precious Metals by 164.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company’s stock valued at $3,326,000 after purchasing an additional 68,320 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of A-Mark Precious Metals by 34.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company’s stock valued at $6,172,000 after purchasing an additional 51,531 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of A-Mark Precious Metals by 99.6% in the 1st quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company’s stock worth $1,047,000 after acquiring an additional 17,023 shares during the last quarter. Institutional investors own 75.25% of the company’s stock.

About A-Mark Precious Metals

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.