A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives $47.67 Consensus Price Target from Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has earned an average recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $47.67.

AMRK has been the subject of a number of research analyst reports. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. DA Davidson upped their target price on A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, September 5th.

A-Mark Precious Metals Price Performance

NASDAQ:AMRK opened at $44.99 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 1.63. The company has a 50-day moving average of $39.10 and a 200-day moving average of $36.66. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 13.80 and a beta of -0.05. A-Mark Precious Metals has a 52 week low of $23.14 and a 52 week high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.85 EPS 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 during the quarter, compared to analyst estimates of $2.64 billion. As a group, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.78%. A-Mark Precious Metals’s payout ratio is 24.54%.

Insider Activity at A-Mark Precious Metals

In related news, Director Jess M. Ravich sold 14,500 shares of A-Mark Precious Metals stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the transaction, the director now directly owns 190,500 shares of the company’s stock, valued at approximately $8,702,040. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Michael R. Wittmeyer sold 10,975 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $43.30, for a total value of $475,217.50. Following the sale, the director now directly owns 292,535 shares in the company, valued at approximately $12,666,765.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jess M. Ravich sold 14,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were 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 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 worth $4,911,036 in the last 90 days. Company insiders own 23.20% of the company’s stock.

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP boosted its holdings in shares of A-Mark Precious Metals by 94.1% in the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after buying an additional 539 shares in the last quarter. nVerses Capital LLC acquired a new position in A-Mark Precious Metals in the second quarter valued at approximately $45,000. Quest Partners LLC purchased a new stake in A-Mark Precious Metals in the 4th quarter worth approximately $184,000. Capstone Investment Advisors LLC purchased a new position in shares of A-Mark Precious Metals during the 4th quarter valued at approximately $220,000. Finally, Quantbot Technologies LP boosted its holdings in A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after buying an additional 4,895 shares in the last quarter. Institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Company Profile

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.