Gold.com (NYSE:GOLD) Sets New 1-Year High on Analyst Upgrade

Gold.com Inc. (NYSE:GOLD)’s stock price reached a new 52-week high during trading on Wednesday after DA Davidson raised their price target on the stock from $45.00 to $53.00. DA Davidson currently has a buy rating on the stock. Gold.com traded as high as $52.92 and last traded at $51.20, with a volume of 2104644 shares changing hands. The stock had previously closed at $44.10.

Several other research firms have also commented on GOLD. Weiss Ratings began coverage on shares of Gold.com in a research report on Wednesday, January 14th. They set a “hold (c-)” rating on the stock. Zacks Research upgraded shares of Gold.com from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Finally, Roth Mkm restated a “buy” rating and set a $50.00 price objective on shares of Gold.com in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $51.50.

Institutional Investors Weigh In On Gold.com

A number of hedge funds and other institutional investors have recently made changes to their positions in GOLD. CWM LLC bought a new stake in shares of Gold.com in the fourth quarter worth $35,000. State of Alaska Department of Revenue bought a new stake in shares of Gold.com during the 4th quarter valued at $44,000. Daytona Street Capital LLC purchased a new position in Gold.com during the fourth quarter valued at $68,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Gold.com during the 4th quarter valued at about $105,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Gold.com during the 4th quarter valued at $890,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Gold.com Stock Up 16.1%

The company has a market capitalization of $1.26 billion, a PE ratio of 25.20 and a beta of 0.38. The company has a quick ratio of 0.58, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

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.