A-Mark Precious Metals (NASDAQ:AMRK) Earns Outperform Rating from Analysts at Northland Securities

Stock analysts at Northland Securities began coverage on shares of A-Mark Precious Metals (NASDAQ:AMRKGet Rating) in a research report issued to clients and investors on Tuesday, The Fly reports. The firm set an “outperform” rating and a $105.00 price target on the stock. Northland Securities’ price objective points to a potential upside of 22.01% from the company’s previous close.

AMRK has been the topic of several other reports. Zacks Investment Research cut shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 12th. StockNews.com assumed coverage on shares of A-Mark Precious Metals in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, A-Mark Precious Metals has a consensus rating of “Buy” and an average price target of $88.00.

NASDAQ:AMRK opened at $86.06 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 0.57. The company’s 50-day simple moving average is $75.62. A-Mark Precious Metals has a twelve month low of $34.17 and a twelve month high of $87.00. The stock has a market cap of $990.89 million, a P/E ratio of 4.81 and a beta of -0.51.

A-Mark Precious Metals (NASDAQ:AMRKGet Rating) last posted its earnings results on Tuesday, February 8th. The company reported $2.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $1.27. A-Mark Precious Metals had a net margin of 2.26% and a return on equity of 51.02%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the firm posted $1.16 EPS. As a group, sell-side analysts predict that A-Mark Precious Metals will post 7.93 EPS for the current year.

In related news, Director Jeffrey D. Benjamin sold 16,341 shares of the firm’s stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of $73.15, for a total value of $1,195,344.15. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Beverley Lepine sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $73.54, for a total transaction of $36,770.00. The disclosure for this sale can be found here. Insiders sold 41,233 shares of company stock worth $2,975,497 over the last three months. Corporate insiders own 25.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new position in A-Mark Precious Metals during the third quarter valued at approximately $26,000. Dorsey Wright & Associates purchased a new stake in shares of A-Mark Precious Metals during the fourth quarter valued at approximately $44,000. Royal Bank of Canada raised its stake in shares of A-Mark Precious Metals by 45.3% during the third quarter. Royal Bank of Canada now owns 985 shares of the company’s stock valued at $59,000 after purchasing an additional 307 shares during the period. Citigroup Inc. raised its stake in shares of A-Mark Precious Metals by 139.7% during the third quarter. Citigroup Inc. now owns 997 shares of the company’s stock valued at $60,000 after purchasing an additional 581 shares during the period. Finally, UBS Group AG raised its stake in shares of A-Mark Precious Metals by 17.9% during the third quarter. UBS Group AG now owns 1,249 shares of the company’s stock valued at $75,000 after purchasing an additional 190 shares during the period. 44.97% of the stock is currently owned by hedge funds and other institutional investors.

A-Mark Precious Metals Company Profile (Get Rating)

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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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