A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Declares Quarterly Dividend of $0.20

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) declared a quarterly dividend on Friday, January 3rd,RTT News reports. Shareholders of record on Tuesday, January 14th will be paid a dividend of 0.20 per share on Tuesday, January 28th. This represents a $0.80 dividend on an annualized basis and a yield of 2.83%.

A-Mark Precious Metals has a payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings.

A-Mark Precious Metals Price Performance

AMRK stock opened at $28.22 on Friday. The business has a fifty day moving average of $30.26 and a two-hundred day moving average of $35.64. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The stock has a market cap of $654.25 million, a price-to-earnings ratio of 12.01 and a beta of -0.01. A-Mark Precious Metals has a 52-week low of $24.22 and a 52-week high of $47.39.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. DA Davidson dropped their price target on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.33.

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.