A-Mark Precious Metals, Inc. (AMRK) to Issue Quarterly Dividend of $0.20 on April 29th

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) announced a quarterly dividend on Friday, April 4th, RTT News reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.20 per share on Tuesday, April 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.59%.

A-Mark Precious Metals has a dividend payout ratio of 26.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect A-Mark Precious Metals to earn $2.59 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 30.9%.

A-Mark Precious Metals Stock Performance

NASDAQ AMRK opened at $22.28 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. The stock’s fifty day moving average is $27.38 and its two-hundred day moving average is $31.38. The firm has a market capitalization of $512.86 million, a P/E ratio of 10.87 and a beta of 0.07. A-Mark Precious Metals has a fifty-two week low of $21.28 and a fifty-two week high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. On average, research analysts anticipate that A-Mark Precious Metals will post 2.11 earnings per share for the current year.

Analysts Set New Price Targets

AMRK has been the subject of a number of recent analyst reports. DA Davidson restated a “buy” rating and set a $35.00 price target on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, Northland Securities reduced their target price on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.75.

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.