Bard Associates Inc. Acquires New Holdings in Gold.com Inc. $GOLD

Bard Associates Inc. acquired a new stake in Gold.com Inc. (NYSE:GOLD) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 90,398 shares of the company’s stock, valued at approximately $3,078,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOLD. Dimensional Fund Advisors LP purchased a new stake in Gold.com in the 4th quarter valued at about $40,273,000. Charles Schwab Investment Management Inc. purchased a new stake in Gold.com in the 4th quarter valued at about $32,408,000. Jacobs Levy Equity Management Inc. purchased a new stake in Gold.com in the 4th quarter valued at about $17,971,000. Geode Capital Management LLC purchased a new stake in Gold.com in the 4th quarter valued at about $15,790,000. Finally, State Street Corp purchased a new stake in Gold.com in the 4th quarter valued at about $15,019,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Gold.com news, major shareholder William A. Richardson sold 20,000 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $40.00, for a total transaction of $800,000.00. Following the sale, the insider directly owned 277,400 shares in the company, valued at $11,096,000. This represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory N. Roberts sold 40,000 shares of the business’s 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 transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have acquired 730,338 shares of company stock worth $31,842,096 and have sold 90,000 shares worth $3,723,200. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GOLD shares. DA Davidson restated a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a report on Tuesday, April 28th. Roth Mkm set a $52.00 price objective on shares of Gold.com in a report on Thursday, May 7th. Zacks Research upgraded shares of Gold.com from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Canaccord Genuity Group started coverage on shares of Gold.com in a report on Tuesday. They issued a “buy” rating and a $70.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $59.75.

Gold.com Price Performance

Shares of NYSE:GOLD opened at $44.15 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.12 and a beta of 0.53. The stock’s 50-day simple moving average is $43.21. Gold.com Inc. has a 1 year low of $20.54 and a 1 year high of $66.70.

Gold.com (NYSE:GOLD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $1.62. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $4.81 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. Analysts expect that Gold.com Inc. will post 5.31 EPS for the current fiscal year.

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

Gold.com Dividend Announcement

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

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.