Gold.com (NYSE:GOLD) Sets New 52-Week High – Here’s Why

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

Analyst Upgrades and Downgrades

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

Gold.com Price Performance

The company has a market capitalization of $1.08 billion, a PE ratio of 156.61 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.

Hedge Funds Weigh In On Gold.com

A hedge fund recently bought a new stake in Gold.com stock. Daytona Street Capital LLC purchased a new stake in Gold.com Inc. (NYSE:GOLD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,000 shares of the company’s stock, valued at approximately $68,000. 62.85% of the stock is owned by 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.