Analysts Set A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Price Target at $33.00

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $33.00.

Several equities analysts have commented on AMRK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of A-Mark Precious Metals in a research note on Tuesday, October 14th. Roth Capital raised A-Mark Precious Metals to a “strong-buy” rating in a report on Wednesday, September 10th. Zacks Research raised A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 11th. Finally, DA Davidson reiterated a “buy” rating and issued a $29.00 price objective on shares of A-Mark Precious Metals in a research report on Wednesday, September 10th.

Insider Buying and Selling

In other A-Mark Precious Metals news, Director Moorhead John sold 2,600 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $26.97, for a total value of $70,122.00. Following the sale, the director directly owned 32,974 shares of the company’s stock, valued at approximately $889,308.78. This trade represents a 7.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 23.10% of the company’s stock.

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds and other institutional investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its holdings in A-Mark Precious Metals by 15,414.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,086 shares of the company’s stock worth $28,000 after purchasing an additional 1,079 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in A-Mark Precious Metals by 118.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,311 shares of the company’s stock valued at $29,000 after purchasing an additional 711 shares during the period. State of Alaska Department of Revenue acquired a new position in A-Mark Precious Metals during the 3rd quarter valued at approximately $33,000. Jones Financial Companies Lllp acquired a new position in A-Mark Precious Metals during the 3rd quarter valued at approximately $33,000. Finally, New York State Teachers Retirement System acquired a new position in A-Mark Precious Metals during the 1st quarter valued at approximately $41,000. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Stock Down 6.1%

AMRK stock opened at $24.73 on Friday. The company’s 50 day moving average price is $26.23 and its 200 day moving average price is $23.63. The firm has a market capitalization of $609.35 million, a price-to-earnings ratio of 35.84 and a beta of 0.34. A-Mark Precious Metals has a fifty-two week low of $19.39 and a fifty-two week high of $38.56. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.42 and a current ratio of 1.56.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Tuesday, September 9th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.57 by $0.19. A-Mark Precious Metals had a net margin of 0.16% and a return on equity of 7.77%. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the previous year, the business posted $0.76 EPS. On average, equities research analysts anticipate that A-Mark Precious Metals will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Wednesday, November 19th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, November 19th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 115.94%.

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.