Gold.com (NYSE:GOLD) Stock Price Up 13% After Analyst Upgrade

Gold.com Inc. (NYSE:GOLD) traded up 13% during trading on Tuesday 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 $50.99 and last traded at $49.8220. 426,119 shares traded hands during trading, a decline of 30% from the average session volume of 610,448 shares. The stock had previously closed at $44.10.

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

Hedge Funds Weigh In On Gold.com

A number of institutional investors and hedge funds have recently made changes to their positions in GOLD. Evergreen Capital Management LLC purchased a new stake in Gold.com in the 4th quarter valued at $2,588,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Gold.com in the fourth quarter worth about $105,000. Nations Financial Group Inc. IA ADV purchased a new position in Gold.com during the 4th quarter valued at about $1,319,000. CWM LLC bought a new stake in Gold.com during the fourth quarter worth about $35,000. Finally, State of Alaska Department of Revenue bought a new stake in Gold.com during the 4th quarter valued at about $44,000. Institutional investors own 62.85% of the company’s stock.

Gold.com Trading Up 16.1%

The company has a quick ratio of 0.58, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.26 billion, a PE ratio of 182.86 and a beta of 0.38.

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.