Stock Repurchase Plan Declared by Gold.com (NYSE:GOLD)

Gold.com (NYSE:GOLD) declared that its Board of Directors has authorized a share buyback plan on Wednesday, April 8th, RTT News reports. The company plans to buyback 2,000,000,000,000 shares. This buyback authorization permits the company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GOLD shares. Roth Mkm set a $60.00 price objective on Gold.com in a research report on Wednesday, January 28th. Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research report on Friday, February 6th. Zacks Research upgraded Gold.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. DA Davidson raised their price objective on Gold.com from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, Weiss Ratings started coverage on Gold.com in a research report on Wednesday, January 14th. They set a “hold (c-)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Gold.com presently has a consensus rating of “Buy” and a consensus target price of $59.00.

Gold.com Stock Up 5.3%

Shares of Gold.com stock opened at $45.78 on Thursday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 97.41 and a beta of 0.50. The firm’s 50-day moving average price is $50.99. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. Gold.com has a twelve month low of $19.39 and a twelve month high of $66.70.

Gold.com (NYSE:GOLD) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. Gold.com had a net margin of 0.08% and a return on equity of 7.56%. The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $3.41 billion.

Gold.com Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.80 annualized dividend and a yield of 1.7%. Gold.com’s dividend payout ratio (DPR) is presently 170.21%.

Insiders Place Their Bets

In other Gold.com news, Director Jeffrey D. Benjamin sold 24,683 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $50.17, for a total value of $1,238,346.11. Following the completion of the sale, the director owned 502,506 shares of the company’s stock, valued at $25,210,726.02. This trade represents a 4.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder William A. Richardson sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $40.00, for a total transaction of $800,000.00. Following the completion of the sale, the insider directly owned 277,400 shares of the company’s stock, valued at approximately $11,096,000. The trade was a 6.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 504,239 shares of company stock valued at $29,856,403 over the last 90 days. Insiders own 0.63% of the company’s stock.

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.