FY2024 Earnings Forecast for A-Mark Precious Metals, Inc. Issued By Northland Capmk (NASDAQ:AMRK)

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) – Stock analysts at Northland Capmk reduced their FY2024 EPS estimates for shares of A-Mark Precious Metals in a research note issued to investors on Wednesday, May 8th. Northland Capmk analyst G. Gibas now forecasts that the company will post earnings of $3.93 per share for the year, down from their previous forecast of $4.33. The consensus estimate for A-Mark Precious Metals’ current full-year earnings is $4.33 per share.

A number of other analysts also recently issued reports on AMRK. B. Riley cut their target price on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. DA Davidson lifted their target price on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Northland Securities lowered shares of A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research report on Wednesday.

A-Mark Precious Metals Trading Down 5.4 %

Shares of A-Mark Precious Metals stock opened at $38.15 on Thursday. A-Mark Precious Metals has a 1-year low of $23.14 and a 1-year high of $42.48. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 0.32. The stock has a market cap of $871.92 million, a P/E ratio of 8.46 and a beta of -0.05. The stock’s 50 day simple moving average is $33.60 and its 200-day simple moving average is $29.85.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.33). A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.25 billion.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.10%. A-Mark Precious Metals’s dividend payout ratio is currently 17.74%.

Insider Buying and Selling

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,558 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total transaction of $593,049.82. Following the transaction, the director now directly owns 408,225 shares in the company, valued at $10,732,235.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,383 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $26.06, for a total transaction of $583,300.98. Following the sale, the director now owns 453,283 shares in the company, valued at approximately $11,812,554.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael R. Wittmeyer sold 22,558 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $26.29, for a total value of $593,049.82. Following the completion of the sale, the director now directly owns 408,225 shares in the company, valued at approximately $10,732,235.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,637 shares of company stock valued at $1,396,360. Company insiders own 23.20% of the company’s stock.

Institutional Trading of A-Mark Precious Metals

Hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of A-Mark Precious Metals during the 4th quarter worth about $67,000. Quest Partners LLC purchased a new stake in shares of A-Mark Precious Metals during the 4th quarter worth approximately $184,000. Capstone Investment Advisors LLC acquired a new position in shares of A-Mark Precious Metals in the 4th quarter valued at $220,000. Quantbot Technologies LP boosted its holdings in shares of A-Mark Precious Metals by 192.5% in the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after buying an additional 4,895 shares in the last quarter. Finally, Raymond James & Associates purchased a new position in shares of A-Mark Precious Metals in the 4th quarter valued at $236,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Company Profile

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.