Gold.com (NYSE:GOLD) Price Target Raised to $53.00 at DA Davidson

Gold.com (NYSE:GOLD) had its price target upped by DA Davidson from $45.00 to $53.00 in a report released on Tuesday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Zacks Research upgraded shares of Gold.com from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Weiss Ratings assumed coverage on shares of Gold.com in a research report on Wednesday, January 14th. They issued a “hold (c-)” rating on the stock. Finally, Roth Mkm reaffirmed a “buy” rating and set a $50.00 price objective on shares of Gold.com in a research note on Friday, January 16th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Gold.com currently has an average rating of “Moderate Buy” and an average target price of $51.50.

Gold.com Stock Up 16.1%

Shares of GOLD stock opened at $51.20 on Tuesday. Gold.com has a one year low of $19.39 and a one year high of $52.92. The firm has a market capitalization of $1.26 billion, a P/E ratio of 182.86 and a beta of 0.38. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.42.

Hedge Funds Weigh In On Gold.com

A number of institutional investors have recently modified their holdings of GOLD. Evergreen Capital Management LLC bought a new stake in shares of Gold.com during the fourth quarter valued at approximately $2,588,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Gold.com during the 4th quarter worth $105,000. Nations Financial Group Inc. IA ADV bought a new position in Gold.com in the 4th quarter valued at $1,319,000. CWM LLC acquired a new stake in shares of Gold.com in the 4th quarter valued at $35,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Gold.com in the 4th quarter valued at $44,000. 62.85% of the stock is owned by institutional investors.

About Gold.com

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.