A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives $46.33 Average PT from Analysts

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $46.33.

A number of research firms recently commented on AMRK. 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. DA Davidson lowered their price objective on 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.

A-Mark Precious Metals Price Performance

AMRK opened at $28.22 on Friday. The firm has a market capitalization of $654.25 million, a PE ratio of 12.01 and a beta of -0.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. The business’s 50-day moving average is $30.26 and its two-hundred day moving average is $35.65. A-Mark Precious Metals has a 1 year low of $24.22 and a 1 year high of $47.39.

A-Mark Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.83%. A-Mark Precious Metals’s dividend payout ratio is currently 34.04%.

Institutional Investors Weigh In On A-Mark Precious Metals

Large investors have recently made changes to their positions in the stock. Hobbs Group Advisors LLC acquired a new stake in A-Mark Precious Metals during the 3rd quarter worth about $26,000. Quarry LP boosted its position in A-Mark Precious Metals by 94.1% in the second quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after buying an additional 539 shares during the last quarter. nVerses Capital LLC acquired a new position in A-Mark Precious Metals in the 2nd quarter worth approximately $45,000. Strategic Investment Solutions Inc. IL purchased a new position in A-Mark Precious Metals during the 3rd quarter worth approximately $88,000. Finally, Victory Capital Management Inc. acquired a new stake in A-Mark Precious Metals during the 3rd quarter valued at approximately $226,000. 75.25% of the stock is owned by hedge funds and other institutional investors.

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.