Gold.com (NYSE:GOLD) Hits New 1-Year High After Analyst Upgrade

Gold.com Inc. (NYSE:GOLD) hit a new 52-week high during trading on Monday after DA Davidson raised their price target on the stock from $53.00 to $60.00. DA Davidson currently has a buy rating on the stock. Gold.com traded as high as $60.49 and last traded at $61.52, with a volume of 127817 shares traded. The stock had previously closed at $55.32.

A number of other analysts have also weighed in on GOLD. Zacks Research upgraded shares of Gold.com from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Northland Securities raised Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a report on Friday. Roth Mkm set a $60.00 price target on Gold.com in a research note on Wednesday, January 28th. Finally, Weiss Ratings started coverage on Gold.com in a report on Wednesday, January 14th. They set a “hold (c-)” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GOLD. CWM LLC acquired a new position in shares of Gold.com in the 4th quarter worth approximately $35,000. Larson Financial Group LLC bought a new position in Gold.com during the fourth quarter worth $41,000. State of Alaska Department of Revenue acquired a new position in Gold.com in the fourth quarter valued at $44,000. New York State Teachers Retirement System bought a new stake in Gold.com during the fourth quarter valued at $55,000. Finally, Daytona Street Capital LLC bought a new stake in Gold.com during the fourth quarter valued at $68,000. Institutional investors own 62.85% of the company’s stock.

Gold.com Trading Up 16.2%

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 0.58. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 136.74 and a beta of 0.40.

Gold.com (NYSE:GOLD) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. Gold.com had a return on equity of 7.58% and a net margin of 0.08%.The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $3.41 billion.

Gold.com Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 20th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.80 annualized dividend and a yield of 1.2%. Gold.com’s dividend payout ratio is currently 170.21%.

Gold.com Company Profile

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.