A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Given Average Rating of “Moderate Buy” by Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $33.00.

Several research analysts recently weighed in on the company. Zacks Research upgraded A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 11th. DA Davidson reaffirmed a “buy” rating and set a $29.00 target price on shares of A-Mark Precious Metals in a report on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of A-Mark Precious Metals in a research note on Saturday, September 27th. Finally, Roth Capital upgraded shares of A-Mark Precious Metals to a “strong-buy” rating in a research report on Wednesday, September 10th.

Insiders Place Their Bets

In other A-Mark Precious Metals news, Director Moorhead John sold 2,600 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $26.97, for a total transaction of $70,122.00. Following the transaction, the director owned 32,974 shares in the company, valued at approximately $889,308.78. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 23.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in A-Mark Precious Metals by 11,170.5% in the 1st quarter. GAMMA Investing LLC now owns 6,875 shares of the company’s stock worth $174,000 after acquiring an additional 6,814 shares in the last quarter. NBC Securities Inc. purchased a new position in A-Mark Precious Metals during the first quarter valued at $70,000. New York State Teachers Retirement System acquired a new stake in shares of A-Mark Precious Metals in the first quarter valued at about $41,000. Teacher Retirement System of Texas increased its stake in shares of A-Mark Precious Metals by 6.7% during the first quarter. Teacher Retirement System of Texas now owns 57,344 shares of the company’s stock worth $1,455,000 after purchasing an additional 3,582 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of A-Mark Precious Metals by 57.3% during the first quarter. D.A. Davidson & CO. now owns 24,303 shares of the company’s stock worth $617,000 after purchasing an additional 8,852 shares in the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Price Performance

NASDAQ:AMRK opened at $25.58 on Wednesday. The firm’s fifty day moving average is $24.33 and its two-hundred day moving average is $23.20. The firm has a market cap of $630.29 million, a price-to-earnings ratio of 37.07 and a beta of 0.37. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.42 and a current ratio of 1.56. A-Mark Precious Metals has a one year low of $19.39 and a one year high of $44.64.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Tuesday, September 9th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.19. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.91 billion. A-Mark Precious Metals had a return on equity of 7.77% and a net margin of 0.16%.During the same quarter last year, the business posted $0.76 EPS. Research analysts expect that A-Mark Precious Metals will post 2.11 EPS for the current year.

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.