Gold.com Inc. (NYSE:GOLD) Stock Has Average Target Price of $58.00 According to Analysts

Shares of Gold.com Inc. (NYSE:GOLD) have been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $58.00.

Several research analysts have issued reports on GOLD shares. DA Davidson reiterated a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a research report on Thursday, September 3rd. Wall Street Zen lowered shares of Gold.com from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st. Canaccord Genuity Group decreased their target price on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Northland Securities set a $55.00 price target on shares of Gold.com in a research note on Thursday, September 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th.

Gold.com Stock Down 2.3%

Shares of NYSE:GOLD opened at $37.45 on Friday. Gold.com has a 52 week low of $24.50 and a 52 week high of $66.70. The company has a 50-day moving average price of $41.88 and a 200 day moving average price of $44.62. The company has a market cap of $1.09 billion, a P/E ratio of 7.32 and a beta of 0.63.

Gold.com (NYSE:GOLD) last released its earnings results on Wednesday, November 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.63). Gold.com had a return on equity of 17.13% and a net margin of 0.34%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the previous year, the firm posted ($0.04) EPS. Analysts expect that Gold.com will post 4.05 EPS for the current year.

Gold.com Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Thursday, November 19th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Gold.com’s payout ratio is currently 26.58%.

Insider Transactions at Gold.com

In related news, major shareholder Tether Global Investments Fund bought 27,633 shares of the stock in a transaction on Wednesday, October 28th. The shares were bought at an average cost of $39.39 per share, for a total transaction of $1,088,463.87. Following the completion of the transaction, the insider owned 500,000 shares of the company’s stock, valued at $19,695,000. This represents a 5.85% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey Benjamin sold 18,048 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $44.50, for a total transaction of $803,136.00. Following the completion of the transaction, the director directly owned 261,546 shares of the company’s stock, valued at approximately $11,638,797. This trade represents a 6.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have purchased 300,000 shares of company stock worth $11,840,113 and have sold 124,859 shares worth $5,835,628. 16.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Gold.com

A number of institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC boosted its position in Gold.com by 42.5% during the first quarter. Empowered Funds LLC now owns 277,029 shares of the company’s stock worth $11,103,000 after purchasing an additional 82,637 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Gold.com in the second quarter valued at $7,143,000. Renaissance Technologies LLC acquired a new stake in Gold.com in the first quarter valued at $4,836,000. Sei Investments Co. increased its position in shares of Gold.com by 108.8% in the first quarter. Sei Investments Co. now owns 119,993 shares of the company’s stock valued at $4,809,000 after buying an additional 62,537 shares in the last quarter. Finally, Globeflex Capital L P purchased a new position in shares of Gold.com in the second quarter valued at $2,783,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Gold.com Company Profile

Gold.com, Inc., together with its subsidiaries, operates as a precious metals 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. This segment also offers complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.