A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Plans $0.20 Quarterly Dividend

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) announced a quarterly dividend on Friday, January 3rd,RTT News reports. Shareholders of record on Tuesday, January 14th will be given a dividend of 0.20 per share on Tuesday, January 28th. This represents a $0.80 annualized dividend and a yield of 2.88%.

A-Mark Precious Metals has a dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings.

A-Mark Precious Metals Stock Up -0.1 %

Shares of NASDAQ AMRK opened at $27.76 on Friday. The stock has a market cap of $643.59 million, a P/E ratio of 11.81 and a beta of -0.06. The business’s fifty day simple moving average is $30.48 and its 200-day simple moving average is $35.67. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals has a 12-month low of $24.22 and a 12-month high of $47.39.

Analysts Set New Price Targets

AMRK has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. DA Davidson lowered their target price on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $46.33.

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.