Zacks Investment Research upgraded shares of A-Mark Precious Metals Inc. (NASDAQ:AMRK) from a strong sell rating to a strong-buy rating in a research note issued to investors on Wednesday. Zacks Investment Research currently has $19.00 target price on the stock.

According to Zacks, “A-Mark Precious Metals, Inc. operates as a full service precious metals trading company offering a wide array of products and services. The Company’s products include gold, silver, platinum and palladium for storage and delivery in the form of coins, bars, wafers and grain. Its services include financing, leasing, consignment, hedging and a variety of customized financial programs. The Company’s clients include coin and metal dealers, investors, collectors, mines, manufacturers, refiners, jewelers, investment advisors, merchants, commodity brokerage houses and central banks. A-Mark Precious Metals, Inc. is based in Santa Monica, California. “

AMRK has been the subject of several other reports. TheStreet cut A-Mark Precious Metals from a hold rating to a sell rating in a research report on Wednesday, August 17th. B. Riley reaffirmed a neutral rating and set a $17.50 price objective on shares of A-Mark Precious Metals in a research report on Sunday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. A-Mark Precious Metals presently has a consensus rating of Hold and an average target price of $19.83.

Shares of A-Mark Precious Metals (NASDAQ:AMRK) opened at 16.61 on Wednesday. A-Mark Precious Metals has a 12-month low of $14.02 and a 12-month high of $22.07. The firm has a market capitalization of $116.78 million, a price-to-earnings ratio of 21.43 and a beta of 0.07. The company’s 50-day moving average price is $15.85 and its 200 day moving average price is $16.38.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Monday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.24. A-Mark Precious Metals had a return on equity of 8.63% and a net margin of 0.08%. On average, equities research analysts forecast that A-Mark Precious Metals will post $1.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, November 9th. A-Mark Precious Metals’s dividend payout ratio is presently 35.90%.

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 3,300 shares of the company’s stock in a transaction that occurred on Thursday, October 20th. The stock was sold at an average price of $15.50, for a total transaction of $51,150.00. Following the completion of the sale, the chief executive officer now directly owns 65,656 shares of the company’s stock, valued at approximately $1,017,668. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 44.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of AMRK. Northern Trust Corp increased its stake in A-Mark Precious Metals by 3.9% in the third quarter. Northern Trust Corp now owns 25,066 shares of the company’s stock valued at $403,000 after buying an additional 935 shares in the last quarter. Vanguard Group Inc. increased its stake in A-Mark Precious Metals by 1.8% in the second quarter. Vanguard Group Inc. now owns 172,142 shares of the company’s stock valued at $2,785,000 after buying an additional 3,013 shares in the last quarter. JPMorgan Chase & Co. increased its stake in A-Mark Precious Metals by 33.2% in the third quarter. JPMorgan Chase & Co. now owns 12,741 shares of the company’s stock valued at $204,000 after buying an additional 3,174 shares in the last quarter. Spark Investment Management LLC increased its stake in A-Mark Precious Metals by 33.3% in the second quarter. Spark Investment Management LLC now owns 17,600 shares of the company’s stock valued at $284,000 after buying an additional 4,400 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in A-Mark Precious Metals by 2,585.4% in the second quarter. O Shaughnessy Asset Management LLC now owns 6,982 shares of the company’s stock valued at $113,000 after buying an additional 6,722 shares in the last quarter. 20.25% of the stock is owned by hedge funds and other institutional investors.

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A-Mark Precious Metals Company Profile

A-Mark Precious Metals, Inc is a precious metals trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. The Company also distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers secure storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as Repo accounts, and trade quotes in a range of foreign currencies.

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