A-Mark Precious Metals (AMRK) Cut to “Sell” at ValuEngine
ValuEngine downgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a hold rating to a sell rating in a report released on Friday.
Several other brokerages have also recently issued reports on AMRK. B. Riley restated a hold rating and issued a $19.00 target price on shares of A-Mark Precious Metals in a report on Monday, November 13th. Zacks Investment Research upgraded A-Mark Precious Metals from a sell rating to a hold rating in a report on Tuesday, November 14th. Finally, dropped their target price on A-Mark Precious Metals from $19.00 to $17.50 and set a neutral rating for the company in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $19.77.
A-Mark Precious Metals (NASDAQ AMRK) opened at $13.21 on Friday. A-Mark Precious Metals has a 52 week low of $12.51 and a 52 week high of $21.66. The company has a quick ratio of 0.39, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $92.88, a price-to-earnings ratio of 16.72 and a beta of -0.09.
A number of large investors have recently modified their holdings of AMRK. Dimensional Fund Advisors LP grew its holdings in A-Mark Precious Metals by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 290,043 shares of the company’s stock valued at $4,789,000 after buying an additional 20,349 shares in the last quarter. Wells Fargo & Company MN grew its holdings in A-Mark Precious Metals by 1,110,000.0% in the 2nd quarter. Wells Fargo & Company MN now owns 11,101 shares of the company’s stock valued at $182,000 after buying an additional 11,100 shares in the last quarter. Shufro Rose & Co. LLC grew its holdings in A-Mark Precious Metals by 2.7% in the 3rd quarter. Shufro Rose & Co. LLC now owns 221,550 shares of the company’s stock valued at $3,658,000 after buying an additional 5,800 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in A-Mark Precious Metals by 5.9% in the 2nd quarter. Northern Trust Corp now owns 34,386 shares of the company’s stock valued at $564,000 after buying an additional 1,902 shares in the last quarter. Institutional investors own 19.66% of the company’s stock.
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About A-Mark Precious Metals
A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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