Shares of A-Mark Precious Metals Inc. (NASDAQ:AMRK) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokerages have set a one year consensus price objective of $16.25 for the company and are anticipating that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given A-Mark Precious Metals an industry rank of 255 out of 265 based on the ratings given to related companies.
AMRK has been the topic of a number of recent analyst reports. Zacks Investment Research raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Wednesday, June 1st. TheStreet lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th. Finally, B. Riley reaffirmed a “neutral” rating and set a $18.50 price target on shares of A-Mark Precious Metals in a research note on Tuesday, September 20th.
Shares of A-Mark Precious Metals (NASDAQ:AMRK) traded up 0.06% during midday trading on Tuesday, reaching $16.06. The company’s stock had a trading volume of 8,429 shares. A-Mark Precious Metals has a 12 month low of $11.13 and a 12 month high of $22.07. The stock has a 50-day moving average of $16.91 and a 200 day moving average of $17.75. The company has a market cap of $112.76 million and a price-to-earnings ratio of 12.35.
A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings data on Wednesday, September 21st. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.10. A-Mark Precious Metals had a return on equity of 17.28% and a net margin of 0.16%. On average, analysts predict that A-Mark Precious Metals will post $1.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Monday, September 19th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, September 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 22.05%.
In related news, CEO Gregory N. Roberts sold 3,300 shares of the company’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $16.69, for a total value of $55,077.00. Following the completion of the sale, the chief executive officer now owns 65,556 shares in the company, valued at $1,094,129.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 44.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in AMRK. O Shaughnessy Asset Management LLC increased its stake in A-Mark Precious Metals by 2,585.4% in the second quarter. O Shaughnessy Asset Management LLC now owns 6,982 shares of the company’s stock worth $113,000 after buying an additional 6,722 shares in the last quarter. Cannell Capital LLC bought a new stake in A-Mark Precious Metals during the second quarter worth approximately $121,000. JPMorgan Chase & Co. increased its stake in A-Mark Precious Metals by 656.3% in the second quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company’s stock worth $155,000 after buying an additional 8,302 shares in the last quarter. Renaissance Technologies LLC bought a new stake in A-Mark Precious Metals during the first quarter worth approximately $201,000. Finally, BlackRock Fund Advisors increased its stake in A-Mark Precious Metals by 78.0% in the first quarter. BlackRock Fund Advisors now owns 11,294 shares of the company’s stock worth $225,000 after buying an additional 4,948 shares in the last quarter. Institutional investors and hedge funds own 20.62% of the company’s stock.
A-Mark Precious Metals Company Profile
A-Mark Precious Metals, Inc is a precious metals trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. The Company also distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers secure storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as Repo accounts, and trade quotes in a range of foreign currencies.
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