A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives $34.67 Consensus Price Target from Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $34.6667.

AMRK has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of A-Mark Precious Metals in a report on Monday, December 1st. DA Davidson set a $34.00 target price on shares of A-Mark Precious Metals in a report on Monday, November 17th. Roth Capital raised A-Mark Precious Metals to a “strong-buy” rating in a report on Wednesday, September 10th. Finally, Zacks Research cut A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th.

A-Mark Precious Metals Price Performance

Shares of AMRK opened at $29.41 on Monday. A-Mark Precious Metals has a 52 week low of $19.39 and a 52 week high of $30.50. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.42. The firm has a market cap of $724.66 million, a price-to-earnings ratio of 105.02 and a beta of 0.35. The stock has a 50 day moving average of $27.66 and a 200-day moving average of $25.17.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.66). The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $2.67 billion. A-Mark Precious Metals had a return on equity of 6.25% and a net margin of 0.06%. As a group, analysts forecast that A-Mark Precious Metals will post 2.11 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Wednesday, November 19th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $0.80 annualized dividend and a yield of 2.7%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 285.71%.

Insider Transactions at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $26.37, for a total transaction of $527,400.00. Following the completion of the transaction, the chief executive officer owned 28,202 shares of the company’s stock, valued at approximately $743,686.74. The trade was a 41.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold 127,883 shares of company stock valued at $3,306,235 in the last quarter. Company insiders own 23.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of A-Mark Precious Metals by 15,414.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,086 shares of the company’s stock worth $28,000 after buying an additional 1,079 shares during the period. Jones Financial Companies Lllp acquired a new position in A-Mark Precious Metals during the 3rd quarter worth $33,000. State of Alaska Department of Revenue acquired a new position in A-Mark Precious Metals during the 3rd quarter worth $33,000. PNC Financial Services Group Inc. grew its stake in shares of A-Mark Precious Metals by 118.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,311 shares of the company’s stock worth $29,000 after purchasing an additional 711 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of A-Mark Precious Metals by 624.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,143 shares of the company’s stock valued at $48,000 after purchasing an additional 1,847 shares during the period. 75.25% of the stock is owned by institutional investors and hedge funds.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc is a leading distributor and wholesaler of precious metal products, specializing in fine gold, silver, platinum and palladium bullion and coins. The company sources, buys, and sells physical precious metals to a diverse customer base that includes refiners, fabricators, financial institutions, and retail dealers. Leveraging a robust network of suppliers and market-making capabilities, A-Mark provides timely and reliable access to bullion bars, rounds and government-minted coins in various weights and purities.

In addition to its distribution business, A-Mark offers integrated logistics and inventory management services designed to support clients’ operational needs.