Analysts Issue Forecasts for AMRK FY2027 Earnings

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) – Stock analysts at DA Davidson issued their FY2027 EPS estimates for shares of A-Mark Precious Metals in a report released on Wednesday, September 10th. DA Davidson analyst M. Baker anticipates that the company will post earnings of $3.78 per share for the year. DA Davidson currently has a “Buy” rating and a $29.00 target price on the stock. The consensus estimate for A-Mark Precious Metals’ current full-year earnings is $2.11 per share.

Several other analysts have also weighed in on the stock. Roth Capital upgraded shares of A-Mark Precious Metals to a “strong-buy” rating in a research report on Wednesday. Wall Street Zen upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Saturday, May 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, A-Mark Precious Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

A-Mark Precious Metals Price Performance

Shares of A-Mark Precious Metals stock opened at $25.01 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 1.56. The firm’s 50-day simple moving average is $22.88 and its 200-day simple moving average is $23.35. A-Mark Precious Metals has a twelve month low of $19.39 and a twelve month high of $47.39. The firm 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 issued its earnings results on Tuesday, September 9th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same period in the previous year, the business earned $0.76 EPS.

A-Mark Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Friday, July 18th were given a $0.20 dividend. The ex-dividend date was Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 3.2%. A-Mark Precious Metals’s payout ratio is 54.05%.

Hedge Funds Weigh In On A-Mark Precious Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMRK. Price T Rowe Associates Inc. MD boosted its position in A-Mark Precious Metals by 13.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,982 shares of the company’s stock valued at $329,000 after buying an additional 1,406 shares in the last quarter. Northern Trust Corp raised its stake in shares of A-Mark Precious Metals by 2.7% in the fourth quarter. Northern Trust Corp now owns 186,371 shares of the company’s stock worth $5,107,000 after acquiring an additional 4,940 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its stake in shares of A-Mark Precious Metals by 19.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 8,300 shares of the company’s stock worth $227,000 after acquiring an additional 1,379 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of A-Mark Precious Metals in the fourth quarter worth about $5,059,000. Finally, Deutsche Bank AG raised its stake in shares of A-Mark Precious Metals by 95.9% in the fourth quarter. Deutsche Bank AG now owns 65,717 shares of the company’s stock worth $1,801,000 after acquiring an additional 32,176 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

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.