Gold.com (NYSE:GOLD) Rating Lowered to “Hold” at Zacks Research

Gold.com (NYSE:GOLD) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

GOLD has been the topic of several other reports. Northland Securities raised Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research report on Friday, February 6th. Roth Mkm set a $60.00 target price on Gold.com in a research report on Wednesday, January 28th. Weiss Ratings assumed coverage on Gold.com in a research report on Wednesday, January 14th. They issued a “hold (c-)” rating on the stock. Finally, DA Davidson increased their price objective on Gold.com from $53.00 to $60.00 and gave the company a “buy” rating in a report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Gold.com Trading Up 5.3%

NYSE:GOLD opened at $45.78 on Tuesday. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 97.41 and a beta of 0.50. Gold.com has a 1-year low of $19.39 and a 1-year high of $66.70. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $50.99.

Gold.com (NYSE:GOLD) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.21. The firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $3.41 billion. Gold.com had a return on equity of 7.56% and a net margin of 0.08%.

Gold.com declared that its Board of Directors has approved a share buyback plan on Wednesday, April 8th that authorizes the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization authorizes the company to buy up to 7.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at Gold.com

In related news, EVP Carol Meltzer sold 2,000 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $56.38, for a total transaction of $112,760.00. Following the completion of the sale, the executive vice president owned 23,500 shares in the company, valued at $1,324,930. This represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder William A. Richardson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $40.00, for a total value of $800,000.00. Following the sale, the insider owned 277,400 shares of the company’s stock, valued at approximately $11,096,000. The trade was a 6.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 504,239 shares of company stock worth $29,856,403 in the last 90 days. 0.63% of the stock is owned by company insiders.

Institutional Trading of Gold.com

A number of hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP bought a new stake in shares of Gold.com in the 4th quarter worth approximately $40,273,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Gold.com in the 4th quarter worth approximately $32,408,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Gold.com in the 4th quarter worth approximately $17,971,000. Geode Capital Management LLC bought a new stake in shares of Gold.com in the 4th quarter worth approximately $15,790,000. Finally, State Street Corp bought a new stake in shares of Gold.com in the 4th quarter worth approximately $15,019,000. Institutional investors own 62.85% of the company’s stock.

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.