DA Davidson Lowers A-Mark Precious Metals (NASDAQ:AMRK) Price Target to $43.00

A-Mark Precious Metals (NASDAQ:AMRK) had its price objective reduced by research analysts at DA Davidson from $52.00 to $43.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 36.16% from the company’s current price.

Separately, StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, A-Mark Precious Metals currently has an average rating of “Hold” and a consensus target price of $46.33.

A-Mark Precious Metals Trading Down 0.0 %

Shares of A-Mark Precious Metals stock opened at $31.58 on Thursday. The company’s 50-day moving average price is $41.65 and its 200-day moving average price is $38.21. 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 12-month low of $24.22 and a 12-month high of $47.39. The company has a market cap of $731.71 million, a price-to-earnings ratio of 11.48 and a beta of -0.01.

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

Insider Activity at A-Mark Precious Metals

In other A-Mark Precious Metals news, Director Jess M. Ravich sold 14,500 shares of A-Mark Precious Metals stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the sale, the director now owns 190,500 shares of the company’s stock, valued at $8,702,040. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other A-Mark Precious Metals news, Director Jess M. Ravich sold 14,500 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the transaction, the director now directly owns 190,500 shares of the company’s stock, valued at approximately $8,702,040. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory N. Roberts sold 22,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.44, for a total transaction of $999,680.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $1,281,498.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,316 shares of company stock valued at $4,911,036 over the last 90 days. 48.64% of the stock is owned by insiders.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP increased its stake in A-Mark Precious Metals by 94.1% in the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares during the period. nVerses Capital LLC purchased a new stake in shares of A-Mark Precious Metals during the second quarter valued at approximately $45,000. Strategic Investment Solutions Inc. IL bought a new position in shares of A-Mark Precious Metals in the third quarter worth approximately $88,000. Victory Capital Management Inc. purchased a new position in shares of A-Mark Precious Metals in the third quarter worth $226,000. Finally, Quantbot Technologies LP raised its holdings in A-Mark Precious Metals by 192.5% during the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after buying an additional 4,895 shares during the last quarter. Institutional investors own 75.25% of the company’s stock.

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.