A-Mark Precious Metals (NASDAQ:AMRK) Raised to Hold at StockNews.com

A-Mark Precious Metals (NASDAQ:AMRK) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also issued research reports about the stock. B. Riley lowered their price target on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Northland Securities reduced their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a report on Friday, February 7th. Finally, DA Davidson reduced their price objective on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, A-Mark Precious Metals has an average rating of “Hold” and a consensus target price of $40.50.

A-Mark Precious Metals Price Performance

AMRK opened at $21.43 on Friday. The company has a 50-day moving average of $24.62 and a 200-day moving average of $27.41. The company has a market capitalization of $493.30 million, a P/E ratio of 10.45 and a beta of 0.32. A-Mark Precious Metals has a 1-year low of $19.76 and a 1-year high of $47.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.54). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.66 billion. Equities analysts expect that A-Mark Precious Metals will post 2.11 EPS for the current fiscal year.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC lifted its holdings in A-Mark Precious Metals by 451.4% in the 1st quarter. Empowered Funds LLC now owns 97,264 shares of the company’s stock valued at $2,468,000 after acquiring an additional 79,624 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in A-Mark Precious Metals in the 1st quarter valued at about $955,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in A-Mark Precious Metals by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,531 shares of the company’s stock valued at $267,000 after acquiring an additional 489 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in A-Mark Precious Metals in the 1st quarter valued at about $8,552,000. Finally, Bridgeway Capital Management LLC lifted its holdings in A-Mark Precious Metals by 288.1% in the 1st quarter. Bridgeway Capital Management LLC now owns 107,264 shares of the company’s stock valued at $2,721,000 after acquiring an additional 79,624 shares during the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Company Profile

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.