Gold.com (NYSE:GOLD) Receives Buy Rating from DA Davidson

Gold.com (NYSE:GOLD)‘s stock had its “buy” rating reissued by DA Davidson in a report released on Thursday, Benzinga reports. They currently have a $60.00 price target on the stock. DA Davidson’s target price points to a potential upside of 43.99% from the stock’s current price.

Several other equities analysts also recently weighed in on the stock. Roth Capital set a $52.00 target price on shares of Gold.com in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Northland Securities set a $55.00 price target on shares of Gold.com in a research report on Thursday. Canaccord Genuity Group dropped their price objective on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Zacks Research downgraded Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Gold.com Price Performance

GOLD traded down $2.15 during trading on Thursday, reaching $41.67. 2,267,085 shares of the stock were exchanged, compared to its average volume of 607,961. 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 company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.27 and a beta of 0.56. Gold.com has a 1 year low of $22.00 and a 1 year high of $66.70. The business’s 50 day moving average price is $42.42 and its two-hundred day moving average price is $44.67.

Gold.com (NYSE:GOLD) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). The firm had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.67 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. During the same quarter in the prior year, the business earned $0.41 EPS. As a group, equities research analysts anticipate that Gold.com will post 5.31 earnings per share for the current year.

Institutional Trading of Gold.com

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. purchased a new position in shares of Gold.com during the 4th quarter worth $32,408,000. Jacobs Asset Management LLC acquired a new stake in shares of Gold.com during the fourth quarter worth $10,215,000. Bard Associates Inc. purchased a new stake in shares of Gold.com in the fourth quarter valued at $3,078,000. Gamco Investors INC. ET AL purchased a new stake in shares of Gold.com in the fourth quarter valued at $1,083,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Gold.com in the first quarter valued at $2,618,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

About Gold.com

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.