Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $2.23 Million in Gold.com Inc. $GOLD

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Gold.com Inc. (NYSE:GOLD) during the first quarter, HoldingsChannel.com reports. The fund purchased 55,512 shares of the company’s stock, valued at approximately $2,225,000.

A number of other institutional investors have also recently made changes to their positions in the company. CWM LLC bought a new position in Gold.com during the fourth quarter valued at approximately $35,000. Larson Financial Group LLC purchased a new position in Gold.com during the fourth quarter worth $41,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Gold.com during the 4th quarter worth approximately $42,000. State of Alaska Department of Revenue purchased a new stake in shares of Gold.com during the fourth quarter valued at $44,000. Finally, New York State Teachers Retirement System purchased a new stake in Gold.com in the 4th quarter valued at about $55,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings raised Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Roth Mkm set a $52.00 price objective on shares of Gold.com in a report on Thursday, May 7th. DA Davidson restated a “buy” rating and set a $60.00 price objective on shares of Gold.com in a research note on Tuesday, April 28th. Canaccord Genuity Group started coverage on Gold.com in a research note on Tuesday, June 9th. They set a “buy” rating and a $70.00 price objective for the company. Finally, Zacks Research downgraded Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Gold.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.75.

Gold.com Stock Performance

Shares of NYSE GOLD opened at $43.86 on Friday. Gold.com Inc. has a fifty-two week low of $20.55 and a fifty-two week high of $66.70. The firm has a market capitalization of $1.27 billion, a P/E ratio of 15.02 and a beta of 0.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18. The business has a 50-day simple moving average of $42.51.

Gold.com (NYSE:GOLD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $1.62. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $4.81 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. On average, sell-side analysts predict that Gold.com Inc. will post 5.31 earnings per share for the current fiscal year.

Gold.com Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. Gold.com’s dividend payout ratio (DPR) is currently 27.40%.

Gold.com announced that its board has approved a stock repurchase plan on Wednesday, April 8th that allows the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization allows the company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Gold.com

In other news, major shareholder Tether Global Investments Fund bought 58,536 shares of Gold.com stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average price of $43.11 per share, for a total transaction of $2,523,486.96. Following the purchase, the insider directly owned 200,000 shares of the company’s stock, valued at approximately $8,622,000. The trade was a 41.38% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory N. Roberts sold 40,000 shares of Gold.com stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $41.58, for a total value of $1,663,200.00. Following the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. This represents a 58.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have bought 730,338 shares of company stock valued at $31,842,096 over the last quarter. Insiders own 0.63% of the company’s stock.

Gold.com 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.