A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Consensus Rating of “Moderate Buy” from Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has earned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $34.6667.

A number of brokerages have recently weighed in on AMRK. Zacks Research cut A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Roth Capital raised shares of A-Mark Precious Metals to a “strong-buy” rating in a research note on Wednesday, September 10th. DA Davidson set a $34.00 target price on shares of A-Mark Precious Metals in a report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of A-Mark Precious Metals in a report on Monday, December 1st.

A-Mark Precious Metals Price Performance

Shares of NASDAQ:AMRK opened at $29.41 on Monday. The firm has a market capitalization of $724.66 million, a price-to-earnings ratio of 105.02 and a beta of 0.35. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 0.58. The business’s 50 day simple moving average is $27.52 and its 200-day simple moving average is $24.88. A-Mark Precious Metals has a 12 month low of $19.39 and a 12 month high of $30.50.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Friday, November 7th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.66). The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $2.67 billion. A-Mark Precious Metals had a net margin of 0.06% and a return on equity of 6.25%. As a group, equities analysts forecast that A-Mark Precious Metals will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Wednesday, November 19th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. A-Mark Precious Metals’s dividend payout ratio is presently 285.71%.

Insider Buying and Selling

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $26.37, for a total transaction of $527,400.00. Following the completion of the transaction, the chief executive officer owned 28,202 shares of the company’s stock, valued at approximately $743,686.74. This trade represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 127,883 shares of company stock worth $3,306,235. 23.10% of the stock is currently owned by corporate insiders.

Institutional Trading of A-Mark Precious Metals

Large investors have recently made changes to their positions in the stock. Invenomic Capital Management LP acquired a new position in A-Mark Precious Metals in the 1st quarter valued at about $8,552,000. Nuveen LLC purchased a new stake in shares of A-Mark Precious Metals during the first quarter worth about $6,350,000. Raymond James Financial Inc. raised its position in shares of A-Mark Precious Metals by 2,692.0% in the first quarter. Raymond James Financial Inc. now owns 241,177 shares of the company’s stock valued at $6,119,000 after buying an additional 232,539 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of A-Mark Precious Metals by 16.6% during the second quarter. American Century Companies Inc. now owns 1,461,989 shares of the company’s stock valued at $32,427,000 after buying an additional 208,300 shares during the period. Finally, CenterBook Partners LP purchased a new position in shares of A-Mark Precious Metals during the second quarter valued at approximately $3,150,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Company Profile

A-Mark Precious Metals, Inc is a leading distributor and wholesaler of precious metal products, specializing in fine gold, silver, platinum and palladium bullion and coins. The company sources, buys, and sells physical precious metals to a diverse customer base that includes refiners, fabricators, financial institutions, and retail dealers. Leveraging a robust network of suppliers and market-making capabilities, A-Mark provides timely and reliable access to bullion bars, rounds and government-minted coins in various weights and purities.

In addition to its distribution business, A-Mark offers integrated logistics and inventory management services designed to support clients’ operational needs.