A-Mark Precious Metals (NASDAQ:AMRK) Given New $35.00 Price Target at DA Davidson

A-Mark Precious Metals (NASDAQ:AMRK) had its target price decreased by DA Davidson from $43.00 to $35.00 in a research note published on Friday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Northland Securities cut their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a report on Friday. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, A-Mark Precious Metals has an average rating of “Hold” and a consensus price target of $41.75.

A-Mark Precious Metals Trading Up 1.0 %

Shares of AMRK stock opened at $28.58 on Friday. The business has a 50-day moving average of $27.69 and a 200 day moving average of $34.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. A-Mark Precious Metals has a 1-year low of $24.22 and a 1-year high of $47.39. The stock has a market capitalization of $662.48 million, a PE ratio of 12.16 and a beta of -0.02.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 10.93%. As a group, sell-side analysts anticipate that A-Mark Precious Metals will post 3.54 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.80%. A-Mark Precious Metals’s dividend payout ratio is 34.04%.

Institutional Investors Weigh In On A-Mark Precious Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new stake in shares of A-Mark Precious Metals during the 3rd quarter valued at $26,000. Strategic Investment Solutions Inc. IL bought a new position in shares of A-Mark Precious Metals in the 3rd quarter worth about $88,000. nVerses Capital LLC lifted its position in A-Mark Precious Metals by 157.1% during the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $159,000 after acquiring an additional 2,200 shares during the period. SG Americas Securities LLC boosted its stake in A-Mark Precious Metals by 14.5% during the fourth quarter. SG Americas Securities LLC now owns 7,511 shares of the company’s stock worth $206,000 after acquiring an additional 949 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in A-Mark Precious Metals in the third quarter worth about $226,000. 75.25% of the stock is owned by hedge funds and other institutional investors.

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.