A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Given Average Recommendation of “Hold” by Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $41.75.

A number of research firms have weighed in on AMRK. Northland Securities cut their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. DA Davidson reaffirmed a “buy” rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th.

Hedge Funds Weigh In On A-Mark Precious Metals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in shares of A-Mark Precious Metals by 5.4% in the third quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock worth $19,072,000 after acquiring an additional 22,087 shares in the last quarter. Barclays PLC raised its stake in A-Mark Precious Metals by 349.0% during the third quarter. Barclays PLC now owns 28,536 shares of the company’s stock valued at $1,259,000 after buying an additional 22,181 shares in the last quarter. Proficio Capital Partners LLC bought a new position in A-Mark Precious Metals during the 4th quarter worth approximately $338,000. CWA Asset Management Group LLC increased its holdings in shares of A-Mark Precious Metals by 38.6% in the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock valued at $10,094,000 after acquiring an additional 102,524 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of A-Mark Precious Metals during the 4th quarter valued at approximately $1,473,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Price Performance

Shares of NASDAQ:AMRK opened at $23.57 on Friday. The company has a market cap of $542.56 million, a P/E ratio of 11.50 and a beta of 0.41. The business has a fifty day simple moving average of $26.09 and a 200-day simple moving average of $29.70. A-Mark Precious Metals has a 52 week low of $20.60 and a 52 week high of $47.39. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. Equities research analysts forecast that A-Mark Precious Metals will post 2.11 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.39%. A-Mark Precious Metals’s payout ratio is currently 39.02%.

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.