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

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) announced 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 dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings.

A-Mark Precious Metals Stock Up 1.6 %

NASDAQ AMRK opened at $28.22 on Friday. A-Mark Precious Metals has a 12 month low of $24.22 and a 12 month high of $47.39. The company has a market capitalization of $654.25 million, a P/E ratio of 12.01 and a beta of -0.01. The company’s 50 day simple moving average is $30.26 and its 200 day simple moving average is $35.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. DA Davidson dropped their price target on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a 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 company. According to data from MarketBeat.com, A-Mark Precious Metals presently has an average rating of “Hold” and an average price target of $46.33.

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.