A-Mark Precious Metals, Inc. (AMRK) Given Hold Rating at B. Riley
A-Mark Precious Metals, Inc. (NASDAQ:AMRK)‘s stock had its “hold” rating reaffirmed by equities research analysts at B. Riley in a note issued to investors on Monday. They presently have a $19.00 price target on the stock. B. Riley’s target price suggests a potential upside of 23.46% from the company’s current price.
Shares of A-Mark Precious Metals (NASDAQ:AMRK) traded down $0.38 during trading on Monday, hitting $15.39. The stock had a trading volume of 7,800 shares, compared to its average volume of 16,475. The firm has a market cap of $108.21, a PE ratio of 15.55 and a beta of 0.06. A-Mark Precious Metals has a fifty-two week low of $14.75 and a fifty-two week high of $21.66.
A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data on Tuesday, September 12th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.10). A-Mark Precious Metals had a return on equity of 9.95% and a net margin of 0.10%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.81 billion. equities research analysts predict that A-Mark Precious Metals will post 1.3 earnings per share for the current fiscal year.
In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 3,300 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $17.17, for a total transaction of $56,661.00. Following the completion of the transaction, the chief executive officer now directly owns 32,656 shares of the company’s stock, valued at approximately $560,703.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 10,900 shares of company stock valued at $181,644. 38.80% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in AMRK. Bank of New York Mellon Corp acquired a new stake in shares of A-Mark Precious Metals during the 1st quarter valued at $180,000. JPMorgan Chase & Co. lifted its position in shares of A-Mark Precious Metals by 13.4% during the 1st quarter. JPMorgan Chase & Co. now owns 15,470 shares of the company’s stock valued at $264,000 after acquiring an additional 1,829 shares during the last quarter. Wedbush Securities Inc. lifted its position in shares of A-Mark Precious Metals by 52.5% during the 2nd quarter. Wedbush Securities Inc. now owns 25,162 shares of the company’s stock valued at $412,000 after acquiring an additional 8,662 shares during the last quarter. Shufro Rose & Co. LLC lifted its position in shares of A-Mark Precious Metals by 4.0% during the 2nd quarter. Shufro Rose & Co. LLC now owns 215,750 shares of the company’s stock valued at $3,535,000 after acquiring an additional 8,200 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of A-Mark Precious Metals by 10.5% during the 2nd quarter. William Blair Investment Management LLC now owns 196,332 shares of the company’s stock valued at $3,217,000 after acquiring an additional 18,585 shares during the last quarter. Institutional investors own 19.85% of the company’s stock.
A-Mark Precious Metals Company Profile
A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.
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