Gold.com (NYSE:GOLD) Sets New 1-Year High – Time to Buy?

Gold.com Inc. (NYSE:GOLD)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $43.73 and last traded at $43.23, with a volume of 99568 shares traded. The stock had previously closed at $42.67.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GOLD. Roth Mkm reaffirmed a “buy” rating and issued a $50.00 target price on shares of Gold.com in a report on Friday, January 16th. Zacks Research raised shares of Gold.com from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Weiss Ratings started coverage on shares of Gold.com in a report on Wednesday, January 14th. They set a “hold (c-)” rating for the company. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.00.

Gold.com Trading Down 1.6%

The firm has a market capitalization of $1.06 billion, a P/E ratio of 154.04 and a beta of 0.38. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOLD. State of Alaska Department of Revenue bought a new stake in shares of Gold.com in the fourth quarter worth about $44,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Gold.com in the 4th quarter valued at approximately $890,000. Finally, Daytona Street Capital LLC bought a new stake in Gold.com during the 4th quarter worth approximately $68,000. 62.85% of the stock is owned by institutional investors and hedge funds.

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.