Gold.com (NYSE:GOLD) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Gold.com (NYSE:GOLD) from a strong-buy rating to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. DA Davidson raised their price target on Gold.com from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Weiss Ratings initiated coverage on Gold.com in a research note on Wednesday, January 14th. They issued a “hold (c-)” rating on the stock. Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research note on Friday, February 6th. Finally, Roth Mkm set a $60.00 price target on Gold.com in a research note on Wednesday, January 28th. Three research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $59.00.

Gold.com Price Performance

GOLD stock opened at $44.15 on Tuesday. The stock has a market cap of $1.12 billion, a P/E ratio of 93.94 and a beta of 0.50. Gold.com has a 1 year low of $19.39 and a 1 year high of $66.70. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average price of $50.80.

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

Gold.com declared that its Board of Directors has approved a share buyback program on Wednesday, April 8th that authorizes the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Gold.com Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, February 20th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, February 20th. Gold.com’s dividend payout ratio (DPR) is currently 170.21%.

Insider Buying and Selling

In related news, CEO Gregory N. Roberts sold 80,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $63.16, for a total value of $5,052,800.00. Following the transaction, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at approximately $1,781,238.32. This trade represents a 73.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jess M. Ravich sold 62,204 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $63.49, for a total value of $3,949,331.96. Following the completion of the transaction, the director directly owned 9,900 shares in the company, valued at approximately $628,551. This represents a 86.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 504,239 shares of company stock valued at $29,856,403. 0.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gold.com

Institutional investors have recently bought and sold shares of the stock. Yacktman Asset Management LP bought a new stake in Gold.com during the fourth quarter valued at about $238,000. Mutual Advisors LLC bought a new stake in Gold.com during the fourth quarter valued at about $1,027,000. Caldwell Sutter Capital Inc. bought a new stake in Gold.com during the fourth quarter valued at about $1,454,000. Pekin Hardy Strauss Inc. bought a new stake in Gold.com during the fourth quarter valued at about $298,000. Finally, D.A. Davidson & CO. bought a new stake in Gold.com during the fourth quarter valued at about $628,000. 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.