A-Mark Precious Metals (NASDAQ:AMRK) PT Raised to $52.00

A-Mark Precious Metals (NASDAQ:AMRK) had its price target boosted by analysts at DA Davidson from $47.00 to $52.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s target price points to a potential upside of 17.04% from the stock’s current price.

Separately, StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $49.33.

A-Mark Precious Metals Stock Up 0.6 %

AMRK stock opened at $44.43 on Monday. A-Mark Precious Metals has a 12 month low of $23.14 and a 12 month high of $47.39. The firm has a market cap of $1.02 billion, a PE ratio of 13.63 and a beta of -0.05. The firm has a 50 day simple moving average of $39.24 and a 200 day simple moving average of $36.83. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.63 and a quick ratio of 0.39.

A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results on Thursday, August 29th. The company reported $0.85 EPS 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 business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.64 billion. Equities research analysts forecast that A-Mark Precious Metals will post 4.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory N. Roberts sold 4,320 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $44.00, for a total transaction of $190,080.00. Following the transaction, the chief executive officer now owns 28,202 shares in the company, valued at approximately $1,240,888. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Gregory N. Roberts sold 4,320 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $44.00, for a total transaction of $190,080.00. Following the transaction, the chief executive officer now owns 28,202 shares in the company, valued at approximately $1,240,888. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael R. Wittmeyer sold 10,975 shares of the stock in a transaction 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 transaction, the director now owns 292,535 shares in the company, valued at approximately $12,666,765.50. The disclosure for this sale can be found here. Insiders sold a total of 110,316 shares of company stock worth $4,911,036 in the last quarter. 23.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMRK. Driehaus Capital Management LLC acquired a new position in A-Mark Precious Metals in the 2nd quarter valued at $5,702,000. B. Riley Wealth Advisors Inc. grew its stake in A-Mark Precious Metals by 164.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company’s stock valued at $3,326,000 after buying an additional 68,320 shares during the last quarter. Evergreen Capital Management LLC grew its stake in A-Mark Precious Metals by 359.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock valued at $2,657,000 after buying an additional 64,221 shares during the last quarter. CMC Financial Group acquired a new position in A-Mark Precious Metals in the 2nd quarter valued at $1,812,000. Finally, Allspring Global Investments Holdings LLC grew its stake in A-Mark Precious Metals by 34.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company’s stock valued at $6,172,000 after buying an additional 51,531 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

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.