Gold.com (NYSE:GOLD) Shares Gap Down After Earnings Miss

Gold.com Inc. (NYSE:GOLD) shares gapped down prior to trading on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $43.82, but opened at $42.28. Gold.com shares last traded at $38.9560, with a volume of 255,400 shares changing hands.

The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). Gold.com had a net margin of 0.35% and a return on equity of 17.82%. The business had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.67 billion. During the same period last year, the business posted $0.41 earnings per share.

Gold.com Dividend Announcement

The company also recently announced a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, September 16th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 16th. Gold.com’s dividend payout ratio (DPR) is 27.40%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Zacks Research downgraded shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Roth Capital set a $52.00 target price on Gold.com in a research report on Thursday, May 7th. Finally, Canaccord Genuity Group reduced their price target on Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Gold.com currently has an average rating of “Moderate Buy” and an average price target of $58.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP bought a new stake in Gold.com during the 4th quarter valued at about $40,273,000. California State Teachers Retirement System boosted its position in Gold.com by 3,975.9% in the 2nd quarter. California State Teachers Retirement System now owns 1,183,264 shares of the company’s stock valued at $49,236,000 after buying an additional 1,154,233 shares during the period. Charles Schwab Investment Management Inc. bought a new position in Gold.com in the 4th quarter worth about $32,408,000. Jacobs Levy Equity Management Inc. bought a new position in Gold.com in the 4th quarter worth about $17,971,000. Finally, Geode Capital Management LLC purchased a new position in shares of Gold.com during the fourth quarter worth approximately $15,790,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Gold.com Trading Down 12.1%

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 firm has a market capitalization of $1.12 billion, a PE ratio of 13.43 and a beta of 0.56. The stock’s 50-day moving average price is $42.42 and its 200 day moving average price is $44.67.

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.