A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Average Rating of “Hold” from Analysts

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $41.75.

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

A-Mark Precious Metals Stock Down 0.5 %

AMRK stock opened at $28.18 on Wednesday. The stock has a market capitalization of $648.68 million, a price-to-earnings ratio of 13.75 and a beta of 0.07. The company has a 50-day moving average of $27.69 and a two-hundred day moving average of $32.38. A-Mark Precious Metals has a 52-week low of $25.01 and a 52-week high of $47.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31.

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

A-Mark Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were given a $0.20 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 annualized dividend and a yield of 2.84%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 39.02%.

Institutional Investors Weigh In On A-Mark Precious Metals

Several institutional investors and hedge funds have recently bought and sold shares of AMRK. Hobbs Group Advisors LLC bought a new position in shares of A-Mark Precious Metals during the 3rd quarter worth about $26,000. Coppell Advisory Solutions LLC raised its position in A-Mark Precious Metals by 72.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company’s stock worth $53,000 after purchasing an additional 806 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in A-Mark Precious Metals by 446.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company’s stock valued at $62,000 after purchasing an additional 1,840 shares in the last quarter. Ancora Advisors LLC grew its stake in shares of A-Mark Precious Metals by 2,013.1% in the 4th quarter. Ancora Advisors LLC now owns 7,121 shares of the company’s stock valued at $195,000 after purchasing an additional 6,784 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of A-Mark Precious Metals in the 4th quarter worth approximately $200,000. 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.