A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Average Recommendation of “Buy” from Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRKGet Rating) has received an average recommendation of “Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $85.50.

A number of brokerages recently weighed in on AMRK. Zacks Investment Research upgraded A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating and set a $76.00 price objective on the stock in a research report on Tuesday. Northland Securities began coverage on A-Mark Precious Metals in a research report on Tuesday, April 19th. They set an “outperform” rating and a $105.00 price objective on the stock. Finally, StockNews.com began coverage on A-Mark Precious Metals in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

In other news, Director Jeffrey D. Benjamin sold 5,209 shares of the business’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $70.30, for a total value of $366,192.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeffrey D. Benjamin sold 16,341 shares of the business’s stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $73.15, for a total value of $1,195,344.15. The disclosure for this sale can be found here. Insiders sold a total of 41,233 shares of company stock worth $2,975,497 in the last quarter. Corporate insiders own 25.60% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in A-Mark Precious Metals by 4.1% during the 1st quarter. Renaissance Technologies LLC now owns 120,292 shares of the company’s stock worth $9,303,000 after buying an additional 4,779 shares during the period. Charles Schwab Investment Management Inc. raised its stake in A-Mark Precious Metals by 65.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 37,268 shares of the company’s stock worth $2,883,000 after buying an additional 14,752 shares during the period. Vanguard Group Inc. raised its stake in A-Mark Precious Metals by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 436,093 shares of the company’s stock worth $33,727,000 after buying an additional 3,507 shares during the period. EAM Investors LLC raised its stake in A-Mark Precious Metals by 0.7% during the 1st quarter. EAM Investors LLC now owns 34,681 shares of the company’s stock worth $2,682,000 after buying an additional 241 shares during the period. Finally, Sei Investments Co. raised its stake in A-Mark Precious Metals by 18.9% during the 1st quarter. Sei Investments Co. now owns 52,256 shares of the company’s stock worth $4,041,000 after buying an additional 8,309 shares during the period. 43.08% of the stock is currently owned by institutional investors.

Shares of NASDAQ AMRK opened at $63.57 on Friday. The firm has a market cap of $731.69 million, a PE ratio of 5.25 and a beta of -0.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.57. The firm has a fifty day moving average of $76.25. A-Mark Precious Metals has a fifty-two week low of $42.20 and a fifty-two week high of $89.19.

A-Mark Precious Metals shares are scheduled to split on Tuesday, June 7th. The 2-1 split was announced on Tuesday, June 7th. The newly minted shares will be distributed to shareholders after the market closes on Tuesday, June 7th.

A-Mark Precious Metals (NASDAQ:AMRKGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $1.10. A-Mark Precious Metals had a return on equity of 41.21% and a net margin of 1.77%. During the same period last year, the business posted $8.84 EPS. As a group, equities research analysts expect that A-Mark Precious Metals will post 10.43 earnings per share for the current fiscal year.

A-Mark Precious Metals Company Profile (Get Rating)

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.

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