A-Mark Precious Metals (NASDAQ:AMRK) Stock Rating Upgraded by Roth Capital

A-Mark Precious Metals (NASDAQ:AMRK) was upgraded by analysts at Roth Capital to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities analysts have also issued reports on the stock. Wall Street Zen upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Saturday, May 17th. DA Davidson reissued a “buy” rating and set a $29.00 price target on shares of A-Mark Precious Metals in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, A-Mark Precious Metals presently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

A-Mark Precious Metals Stock Up 4.0%

Shares of A-Mark Precious Metals stock opened at $25.01 on Wednesday. A-Mark Precious Metals has a 12-month low of $19.39 and a 12-month high of $47.39. The company has a current ratio of 1.56, a quick ratio of 0.39 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $22.88 and its two-hundred day simple moving average is $23.35. The company has a market cap of $615.75 million, a P/E ratio of 36.25 and a beta of 0.16.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Tuesday, September 9th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.19. A-Mark Precious Metals had a net margin of 0.16% and a return on equity of 7.85%. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. Research analysts anticipate that A-Mark Precious Metals will post 2.11 EPS for the current year.

Institutional Investors Weigh In On A-Mark Precious Metals

Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in A-Mark Precious Metals by 118.5% during the second quarter. PNC Financial Services Group Inc. now owns 1,311 shares of the company’s stock valued at $29,000 after purchasing an additional 711 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of A-Mark Precious Metals in the 1st quarter worth $41,000. Tower Research Capital LLC TRC boosted its stake in shares of A-Mark Precious Metals by 624.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,143 shares of the company’s stock valued at $48,000 after purchasing an additional 1,847 shares in the last quarter. CWM LLC raised its position in shares of A-Mark Precious Metals by 1,192.3% in the 1st quarter. CWM LLC now owns 2,184 shares of the company’s stock worth $55,000 after acquiring an additional 2,015 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of A-Mark Precious Metals during the first quarter valued at about $70,000. Hedge funds and other 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.