A-Mark Precious Metals, Inc. (AMRK) Price Target Lowered to $17.50 at B. Riley
Separately, Zacks Investment Research raised A-Mark Precious Metals from a sell rating to a hold rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. A-Mark Precious Metals presently has a consensus rating of Buy and a consensus target price of $19.77.
Shares of A-Mark Precious Metals (AMRK) traded down $0.08 during mid-day trading on Wednesday, reaching $15.02. The company had a trading volume of 5,729 shares, compared to its average volume of 16,465. The stock has a market capitalization of $106.88, a PE ratio of 19.24 and a beta of 0.06. A-Mark Precious Metals has a 12 month low of $14.75 and a 12 month high of $21.66.
A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Tuesday, September 12th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.10). A-Mark Precious Metals had a return on equity of 7.79% and a net margin of 0.08%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.81 billion. equities analysts anticipate that A-Mark Precious Metals will post 1.3 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 24th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.13%. A-Mark Precious Metals’s dividend payout ratio is currently 40.51%.
In other news, CEO Gregory N. Roberts sold 3,300 shares of the stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $16.37, for a total value of $54,021.00. Following the sale, the chief executive officer now directly owns 26,056 shares of the company’s stock, valued at $426,536.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 7,600 shares of company stock worth $124,983. Insiders own 38.80% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in shares of A-Mark Precious Metals by 13.4% during the first quarter. JPMorgan Chase & Co. now owns 15,470 shares of the company’s stock valued at $264,000 after buying an additional 1,829 shares during the last quarter. Northern Trust Corp boosted its position in shares of A-Mark Precious Metals by 5.9% during the second 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 during the last quarter. Cove Street Capital LLC boosted its position in shares of A-Mark Precious Metals by 3.9% during the second quarter. Cove Street Capital LLC now owns 64,390 shares of the company’s stock valued at $1,055,000 after buying an additional 2,390 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of A-Mark Precious Metals by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 269,694 shares of the company’s stock valued at $4,434,000 after buying an additional 2,694 shares during the last quarter. Finally, Shufro Rose & Co. LLC boosted its position in shares of A-Mark Precious Metals by 2.7% during the third 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 during the last quarter. 19.85% of the stock is currently owned by institutional investors.
A-Mark Precious Metals Company Profile
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.
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