A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Average Rating of “Hold” from Brokerages

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $41.75.

A number of research firms have issued reports on AMRK. DA Davidson reissued a “buy” rating and set a $35.00 target price on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th. Northland Securities reduced their target price on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Finally, StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th.

A-Mark Precious Metals Trading Up 3.0 %

NASDAQ AMRK opened at $28.81 on Wednesday. A-Mark Precious Metals has a one year low of $25.01 and a one year high of $47.39. The company has a 50-day simple moving average of $27.60 and a 200-day simple moving average of $32.82. 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 firm has a market capitalization of $663.18 million, a PE ratio of 14.05 and a beta of 0.07.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.55 EPS 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, equities analysts forecast that A-Mark Precious Metals will post 2.11 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Tuesday, January 14th. A-Mark Precious Metals’s dividend payout ratio is currently 39.02%.

Institutional Trading of A-Mark Precious Metals

A number of institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of A-Mark Precious Metals by 15.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,975 shares of the company’s stock worth $1,452,000 after acquiring an additional 7,124 shares during the period. Wexford Capital LP acquired a new stake in shares of A-Mark Precious Metals in the 4th quarter worth approximately $959,000. Squarepoint Ops LLC lifted its stake in shares of A-Mark Precious Metals by 33.2% in the 4th quarter. Squarepoint Ops LLC now owns 136,802 shares of the company’s stock worth $3,748,000 after acquiring an additional 34,094 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of A-Mark Precious Metals by 1.3% in the 4th quarter. Nuveen Asset Management LLC now owns 250,997 shares of the company’s stock worth $6,877,000 after acquiring an additional 3,178 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of A-Mark Precious Metals by 4.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,042 shares of the company’s stock worth $275,000 after acquiring an additional 456 shares during the period. 75.25% of the stock is owned by institutional investors and hedge funds.

About A-Mark Precious Metals

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.