A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Consensus Rating of “Buy” from Brokerages

A-Mark Precious Metals, Inc. (NASDAQ:AMRKGet Rating) has received an average recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $85.50.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating and set a $76.00 target price on the stock in a research report on Tuesday. Northland Securities began coverage on A-Mark Precious Metals in a research report on Tuesday, April 19th. They issued an “outperform” rating and a $105.00 price objective on the stock. Finally, StockNews.com began coverage on A-Mark Precious Metals in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

In other news, EVP Carol Meltzer sold 7,183 shares of the firm’s stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of $73.50, for a total transaction of $527,950.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey D. Benjamin sold 5,209 shares of the firm’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $70.30, for a total value of $366,192.70. The disclosure for this sale can be found here. Insiders have sold 41,233 shares of company stock worth $2,975,497 in the last 90 days. Company insiders own 25.60% of the company’s stock.

Large investors have recently made changes to their positions in the company. UBS Group AG grew its stake in shares of A-Mark Precious Metals by 17.9% in the third quarter. UBS Group AG now owns 1,249 shares of the company’s stock worth $75,000 after purchasing an additional 190 shares during the last quarter. Barclays PLC grew its stake in shares of A-Mark Precious Metals by 2.5% in the third quarter. Barclays PLC now owns 8,071 shares of the company’s stock worth $484,000 after purchasing an additional 195 shares during the last quarter. EAM Investors LLC lifted its holdings in A-Mark Precious Metals by 0.7% in the first quarter. EAM Investors LLC now owns 34,681 shares of the company’s stock worth $2,682,000 after buying an additional 241 shares during the period. Royal Bank of Canada lifted its holdings in A-Mark Precious Metals by 45.3% in the third quarter. Royal Bank of Canada now owns 985 shares of the company’s stock worth $59,000 after buying an additional 307 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in A-Mark Precious Metals by 3.8% in the fourth quarter. Parametric Portfolio Associates LLC now owns 9,356 shares of the company’s stock worth $572,000 after buying an additional 344 shares during the period. 43.08% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:AMRK opened at $63.57 on Friday. The stock has a market capitalization of $731.69 million, a P/E ratio of 5.25 and a beta of -0.45. The stock’s fifty day moving average is $76.25. A-Mark Precious Metals has a 1 year low of $42.20 and a 1 year high of $89.19. The company has a current ratio of 1.43, a quick ratio of 0.57 and a debt-to-equity ratio of 0.21.

Shares of A-Mark Precious Metals are set to split on Tuesday, June 7th. The 2-1 split was announced on Tuesday, June 7th. The newly minted shares will be payable to shareholders after the closing bell on Tuesday, June 7th.

A-Mark Precious Metals (NASDAQ:AMRKGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $1.10. A-Mark Precious Metals had a return on equity of 41.21% and a net margin of 1.77%. During the same quarter in the prior year, the company earned $8.84 EPS. Equities analysts forecast that A-Mark Precious Metals will post 10.43 earnings per share for the current year.

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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