A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get 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.
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:AMRK – Get 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.
- Get a free copy of the StockNews.com research report on A-Mark Precious Metals (AMRK)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
Receive News & Ratings for A-Mark Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A-Mark Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.