A-Mark Precious Metals (NASDAQ:AMRK) Upgraded at Zacks Research

Zacks Research upgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a hold rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

Several other research firms have also recently weighed in on AMRK. Wall Street Zen upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Saturday, May 17th. DA Davidson reaffirmed a “buy” rating and set a $29.00 target price on shares of A-Mark Precious Metals in a research report on Wednesday. Finally, Roth Capital raised A-Mark Precious Metals to a “strong-buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $33.00.

A-Mark Precious Metals Stock Up 7.9%

Shares of NASDAQ AMRK opened at $26.98 on Thursday. 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 has a market cap of $664.25 million, a price-to-earnings ratio of 39.10 and a beta of 0.16. A-Mark Precious Metals has a 12 month low of $19.39 and a 12 month high of $47.39. The stock has a 50-day moving average price of $22.96 and a two-hundred day moving average price of $23.32.

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

A-Mark Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors 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 annualized dividend and a yield of 3.0%. A-Mark Precious Metals’s payout ratio is 115.94%.

Hedge Funds Weigh In On A-Mark Precious Metals

Large investors have recently modified their holdings of the company. American Century Companies Inc. lifted its position in A-Mark Precious Metals by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 1,461,989 shares of the company’s stock worth $32,427,000 after buying an additional 208,300 shares during the last quarter. Vanguard Group Inc. lifted its position in A-Mark Precious Metals by 12.4% in the 1st quarter. Vanguard Group Inc. now owns 1,152,737 shares of the company’s stock worth $29,245,000 after buying an additional 127,072 shares during the last quarter. Invesco Ltd. lifted its position in A-Mark Precious Metals by 120.5% in the 1st quarter. Invesco Ltd. now owns 524,342 shares of the company’s stock worth $13,303,000 after buying an additional 286,512 shares during the last quarter. Geode Capital Management LLC lifted its position in A-Mark Precious Metals by 6.3% in the 2nd quarter. Geode Capital Management LLC now owns 462,582 shares of the company’s stock worth $10,262,000 after buying an additional 27,551 shares during the last quarter. Finally, Invenomic Capital Management LP bought a new stake in A-Mark Precious Metals in the 1st quarter worth approximately $8,552,000. 75.25% of the stock is owned by hedge funds and other institutional investors.

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.