A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives $41.75 Average PT from Brokerages

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has been assigned an average rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $41.75.

AMRK has been the subject of a number of research reports. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. DA Davidson reaffirmed a “buy” rating and issued a $35.00 price objective on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Finally, Northland Securities cut their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th.

A-Mark Precious Metals Trading Down 1.1 %

Shares of A-Mark Precious Metals stock opened at $23.57 on Friday. The firm’s 50 day simple moving average is $26.19 and its two-hundred day simple moving average is $29.94. The firm has a market capitalization of $542.56 million, a price-to-earnings ratio of 11.50 and a beta of 0.41. A-Mark Precious Metals has a 12-month low of $20.60 and a 12-month high of $47.39. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34.

A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. Analysts predict that A-Mark Precious Metals will post 2.11 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Tuesday, April 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is 39.02%.

Institutional Trading of A-Mark Precious Metals

Hedge funds have recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC raised its position in shares of A-Mark Precious Metals by 72.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company’s stock worth $53,000 after acquiring an additional 806 shares during the period. Farther Finance Advisors LLC increased its stake in shares of A-Mark Precious Metals by 446.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company’s stock valued at $62,000 after purchasing an additional 1,840 shares in the last quarter. NBC Securities Inc. acquired a new position in A-Mark Precious Metals in the 1st quarter worth about $70,000. GAMMA Investing LLC boosted its position in A-Mark Precious Metals by 11,170.5% during the first quarter. GAMMA Investing LLC now owns 6,875 shares of the company’s stock worth $174,000 after purchasing an additional 6,814 shares in the last quarter. Finally, Ancora Advisors LLC grew its holdings in A-Mark Precious Metals by 2,013.1% in the fourth quarter. Ancora Advisors LLC now owns 7,121 shares of the company’s stock valued at $195,000 after purchasing an additional 6,784 shares during the period. 75.25% of the stock is owned by hedge funds and other institutional investors.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through 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.