A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives $33.00 Average Price Target from Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has earned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $33.00.

A number of research firms have recently weighed in on AMRK. DA Davidson restated a “buy” rating and issued a $29.00 price target on shares of A-Mark Precious Metals in a research note on Wednesday, September 10th. Zacks Research raised shares of A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 11th. Finally, Roth Capital raised shares of A-Mark Precious Metals to a “strong-buy” rating in a research report on Wednesday, September 10th.

Institutional Trading of A-Mark Precious Metals

A number of institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of A-Mark Precious Metals by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,042 shares of the company’s stock valued at $275,000 after purchasing an additional 456 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in A-Mark Precious Metals by 6.1% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 8,405 shares of the company’s stock worth $213,000 after acquiring an additional 485 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in A-Mark Precious Metals by 118.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,311 shares of the company’s stock worth $29,000 after acquiring an additional 711 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in A-Mark Precious Metals by 55.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,522 shares of the company’s stock worth $78,000 after acquiring an additional 1,255 shares in the last quarter. Finally, Wedbush Securities Inc. increased its holdings in A-Mark Precious Metals by 0.5% in the 2nd quarter. Wedbush Securities Inc. now owns 273,156 shares of the company’s stock worth $6,059,000 after acquiring an additional 1,330 shares in the last quarter. 75.25% of the stock is currently owned by institutional investors.

A-Mark Precious Metals Price Performance

Shares of A-Mark Precious Metals stock opened at $27.10 on Friday. The firm’s 50-day simple moving average is $23.05 and its 200-day simple moving average is $23.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.42 and a current ratio of 1.56. 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 $667.74 million, a P/E ratio of 39.28 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 (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.19. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.91 billion. A-Mark Precious Metals had a net margin of 0.16% and a return on equity of 7.77%. During the same quarter last year, the firm earned $0.76 EPS. As a group, research analysts expect that A-Mark Precious Metals will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, July 18th. A-Mark Precious Metals’s payout ratio is 115.94%.

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.