A-Mark Precious Metals (NASDAQ:AMRK) Raised to “Strong-Buy” at Roth Capital

Roth Capital upgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Saturday, May 17th. DA Davidson restated a “buy” rating and issued a $29.00 price objective on shares of A-Mark Precious Metals in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.00.

A-Mark Precious Metals Price Performance

Shares of AMRK opened at $24.04 on Wednesday. The stock has a market cap of $591.86 million, a PE ratio of 34.84 and a beta of 0.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 1.56. A-Mark Precious Metals has a fifty-two week low of $19.39 and a fifty-two week high of $47.39. The firm’s 50-day simple moving average is $22.83 and its two-hundred day simple moving average is $23.36.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were issued a $0.20 dividend. The ex-dividend date was Friday, July 18th. This represents a $0.80 annualized dividend and a yield of 3.3%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 54.05%.

Institutional Investors Weigh In On A-Mark Precious Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its holdings in A-Mark Precious Metals by 118.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,311 shares of the company’s stock worth $29,000 after purchasing an additional 711 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in A-Mark Precious Metals in the first quarter worth approximately $41,000. Tower Research Capital LLC TRC boosted its holdings in A-Mark Precious Metals by 624.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,143 shares of the company’s stock worth $48,000 after purchasing an additional 1,847 shares during the last quarter. CWM LLC boosted its holdings in A-Mark Precious Metals by 1,192.3% in the first quarter. CWM LLC now owns 2,184 shares of the company’s stock worth $55,000 after purchasing an additional 2,015 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in A-Mark Precious Metals in the first quarter worth approximately $70,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

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.