DA Davidson Issues Positive Forecast for Gold.com (NYSE:GOLD) Stock Price

Gold.com (NYSE:GOLD) had its target price upped by research analysts at DA Davidson from $53.00 to $60.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 8.35% from the stock’s current price.

GOLD has been the topic of a number of other reports. Roth Mkm set a $60.00 price objective on shares of Gold.com in a research note on Wednesday, January 28th. Weiss Ratings initiated coverage on Gold.com in a research note on Wednesday, January 14th. They set a “hold (c-)” rating for the company. Northland Securities raised Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a report on Friday. Finally, Zacks Research upgraded shares of Gold.com from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Gold.com Stock Up 10.0%

Shares of GOLD traded up $5.03 during mid-day trading on Friday, hitting $55.38. 1,003,087 shares of the company’s stock were exchanged, compared to its average volume of 848,856. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.42. Gold.com has a 52 week low of $19.39 and a 52 week high of $57.66. The stock has a market capitalization of $1.36 billion, a PE ratio of 198.88 and a beta of 0.41.

Gold.com (NYSE:GOLD) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.21. Gold.com had a return on equity of 6.25% and a net margin of 0.06%.The business had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $3.41 billion.

Institutional Trading of Gold.com

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC purchased a new stake in Gold.com during the 4th quarter worth about $35,000. Larson Financial Group LLC bought a new stake in Gold.com during the fourth quarter valued at approximately $41,000. State of Alaska Department of Revenue bought a new stake in shares of Gold.com during the 4th quarter worth $44,000. New York State Teachers Retirement System bought a new stake in Gold.com during the fourth quarter worth about $55,000. Finally, Daytona Street Capital LLC bought a new stake in Gold.com in the 4th quarter worth approximately $68,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Key Gold.com News

Here are the key news stories impacting Gold.com this week:

• Positive Sentiment: Tether completed a $150 million strategic investment in Gold.com, buying 3.371 million shares at $44.50 — a high-profile backer that both provides capital and could increase demand for Gold.com’s tokenised-gold initiatives. Read More.
• Positive Sentiment: Fiscal Q2 results materially beat expectations: EPS of $0.91 vs. $0.70 consensus and revenue of $6.48B vs. $3.41B consensus — a large top-line outperformance that underpins higher valuation expectations. Read More.
• Positive Sentiment: Northland Securities upgraded GOLD from Market Perform to Outperform with a $57 price target, signaling institutional analysts see continued momentum (small implied upside from current levels but supportive for buyer interest). Read More.
• Positive Sentiment: The board declared a quarterly cash dividend of $0.20 per share (annualized yield ~1.4%), which can broaden investor appeal to income-focused holders and reduce float pressure. (Ex-dividend date Feb 20.)
• Positive Sentiment: Company completed its rebrand to Gold.com and transition to the NYSE, raising visibility and potentially improving liquidity and institutional access. Read More.
• Neutral Sentiment: Trading was temporarily halted late in the session for “news pending” ahead of the Tether investment and earnings release; halts are procedural but can compress intraday moves.
• Neutral Sentiment: Management held the Q2 earnings call and transcript is available — useful for investors who want color on sustainability of revenue drivers, margins, tokenisation strategy and capital allocation. Read More.

Gold.com Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.