A-Mark Precious Metals (NASDAQ:AMRK) Given New $52.00 Price Target at DA Davidson

A-Mark Precious Metals (NASDAQ:AMRK) had its price objective boosted by DA Davidson from $47.00 to $52.00 in a report released on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock. DA Davidson also issued estimates for A-Mark Precious Metals’ Q1 2025 earnings at $1.28 EPS, FY2025 earnings at $4.38 EPS and FY2026 earnings at $5.25 EPS.

Separately, StockNews.com upgraded A-Mark Precious Metals from a sell rating to a hold rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, A-Mark Precious Metals currently has an average rating of Hold and a consensus price target of $49.33.

A-Mark Precious Metals Trading Down 0.2 %

Shares of NASDAQ:AMRK opened at $44.60 on Monday. The business’s 50 day moving average price is $39.68 and its 200-day moving average price is $37.05. A-Mark Precious Metals has a 1 year low of $23.14 and a 1 year high of $47.39. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.63 and a quick ratio of 0.39. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 13.68 and a beta of -0.05.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. On average, equities research analysts forecast that A-Mark Precious Metals will post 4.29 earnings per share for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio is currently 24.54%.

Insiders Place Their Bets

In other A-Mark Precious Metals news, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.68, for a total transaction of $662,360.00. Following the transaction, the director now owns 190,500 shares of the company’s stock, valued at approximately $8,702,040. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 22,000 shares of A-Mark Precious Metals stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.44, for a total transaction of $999,680.00. Following the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,281,498.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jess M. Ravich sold 14,500 shares of A-Mark Precious Metals stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the sale, the director now directly owns 190,500 shares in the company, valued at approximately $8,702,040. The disclosure for this sale can be found here. Insiders have sold a total of 110,316 shares of company stock valued at $4,911,036 in the last quarter. Insiders own 23.20% of the company’s stock.

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds have recently modified their holdings of the stock. Quarry LP grew its stake in A-Mark Precious Metals by 94.1% in the second quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after purchasing an additional 539 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of A-Mark Precious Metals in the 2nd quarter valued at approximately $45,000. Capstone Investment Advisors LLC bought a new stake in shares of A-Mark Precious Metals in the 4th quarter valued at approximately $220,000. Quantbot Technologies LP grew its stake in shares of A-Mark Precious Metals by 192.5% in the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after purchasing an additional 4,895 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of A-Mark Precious Metals by 54.1% in the 3rd quarter. SG Americas Securities LLC now owns 6,562 shares of the company’s stock valued at $290,000 after purchasing an additional 2,305 shares during the period. 75.25% of the stock is currently owned by institutional investors and hedge funds.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through 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.