A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Rating) has received an average recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $85.50.
A number of equities analysts have recently commented on the stock. StockNews.com assumed coverage on shares of A-Mark Precious Metals in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Northland Securities started coverage on shares of A-Mark Precious Metals in a report on Tuesday, April 19th. They issued an “outperform” rating and a $105.00 target price on the stock. Finally, Zacks Investment Research raised shares of A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating and set a $76.00 price objective on the stock in a research note on Tuesday.
In related news, EVP Carol Meltzer sold 7,183 shares of the business’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $73.50, for a total value of $527,950.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Beverley Lepine sold 500 shares of the business’s stock in a transaction dated 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 have sold a total of 41,233 shares of company stock worth $2,975,497 over the last 90 days. Insiders own 25.60% of the company’s stock.
AMRK stock opened at $63.57 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.57 and a debt-to-equity ratio of 0.21. A-Mark Precious Metals has a twelve month low of $42.20 and a twelve month high of $89.19. The business’s 50 day moving average is $76.25. The firm has a market capitalization of $731.69 million, a PE ratio of 5.25 and a beta of -0.45.
A-Mark Precious Metals’s stock is going to split before the market opens on Tuesday, June 7th. The 2-1 split was announced on Tuesday, June 7th. The newly created shares will be payable to shareholders after the closing bell on Tuesday, June 7th.
A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) last announced its earnings results on Thursday, May 5th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $1.10. A-Mark Precious Metals had a net margin of 1.77% and a return on equity of 41.21%. During the same period in the previous year, the business posted $8.84 EPS. On average, equities analysts predict that A-Mark Precious Metals will post 10.43 EPS for the current year.
About A-Mark Precious Metals (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.
- Get a free copy of the StockNews.com research report on A-Mark Precious Metals (AMRK)
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