Gold.com (NYSE:GOLD) Issues Earnings Results

Gold.com (NYSE:GOLD) announced its quarterly earnings results on Wednesday. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55), RTT News reports. Gold.com had a return on equity of 17.82% and a net margin of 0.35%.The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same period last year, the business earned $0.41 EPS.

Gold.com Trading Up 1.4%

NYSE GOLD opened at $43.76 on Thursday. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. Gold.com has a twelve month low of $22.00 and a twelve month high of $66.70. The firm has a market capitalization of $1.27 billion, a PE ratio of 14.99 and a beta of 0.56. The stock’s 50 day moving average is $42.42 and its 200 day moving average is $44.67.

Gold.com Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 16th. Gold.com’s payout ratio is presently 27.40%.

Institutional Investors Weigh In On Gold.com

Hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC purchased a new stake in Gold.com in the fourth quarter worth about $279,000. Invesco Ltd. bought a new position in shares of Gold.com during the fourth quarter valued at approximately $2,087,000. Empowered Funds LLC purchased a new position in shares of Gold.com during the fourth quarter valued at approximately $6,619,000. Voloridge Investment Management LLC purchased a new position in shares of Gold.com during the fourth quarter valued at approximately $636,000. Finally, Susquehanna Portfolio Strategies LLC bought a new stake in shares of Gold.com in the 4th quarter worth approximately $1,245,000. Institutional investors own 62.85% of the company’s stock.

Analyst Ratings Changes

GOLD has been the subject of a number of analyst reports. Roth Capital set a $52.00 target price on shares of Gold.com in a report on Thursday, May 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Zacks Research lowered Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, Canaccord Genuity Group started coverage on Gold.com in a research report on Tuesday, June 9th. They set a “buy” rating and a $70.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.75.

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.