Gold.com (NYSE:GOLD) Price Target Raised to $53.00

Gold.com (NYSE:GOLD) had its target price raised by DA Davidson from $45.00 to $53.00 in a research note published on Tuesday, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on GOLD. Zacks Research raised shares of Gold.com from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Weiss Ratings assumed coverage on Gold.com in a research report on Wednesday, January 14th. They issued a “hold (c-)” rating on the stock. Finally, Roth Mkm reaffirmed a “buy” rating and set a $50.00 price objective on shares of Gold.com in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.50.

Gold.com Trading Down 1.0%

Shares of Gold.com stock opened at $53.47 on Tuesday. The company has a market capitalization of $1.32 billion, a P/E ratio of 30.85 and a beta of 0.38. The company has a quick ratio of 0.58, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. Gold.com has a fifty-two week low of $19.39 and a fifty-two week high of $57.66.

Institutional Investors Weigh In On Gold.com

A number of hedge funds have recently added to or reduced their stakes in GOLD. CWM LLC purchased a new stake in shares of Gold.com during the 4th quarter worth approximately $35,000. State of Alaska Department of Revenue acquired a new position in shares of Gold.com during the 4th quarter worth $44,000. Daytona Street Capital LLC purchased a new position in Gold.com during the 4th quarter valued at about $68,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Gold.com in the fourth quarter valued at about $105,000. Finally, NBC Securities Inc. acquired a new stake in shares of Gold.com in the fourth quarter valued at approximately $107,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Gold.com Company Profile

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.