Analysts Set A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Price Target at $41.75

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has received a consensus recommendation of “Hold” from the five brokerages 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 12-month price objective among analysts that have covered the stock in the last year is $41.75.

A number of research firms have recently issued reports on AMRK. DA Davidson reduced their price target on shares of A-Mark Precious Metals from $43.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Northland Securities reduced 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 research report on Friday, February 7th. Finally, StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.

A-Mark Precious Metals Trading Down 0.7 %

NASDAQ AMRK opened at $27.18 on Friday. A-Mark Precious Metals has a 12 month low of $25.01 and a 12 month high of $47.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31. The company has a market capitalization of $625.66 million, a price-to-earnings ratio of 13.26 and a beta of -0.02. The company’s fifty day moving average price is $27.47 and its two-hundred day moving average price is $33.60.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. As a group, research analysts predict that A-Mark Precious Metals will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors 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 yield of 2.94%. A-Mark Precious Metals’s dividend payout ratio is presently 39.02%.

Institutional Trading of A-Mark Precious Metals

Hedge funds have recently bought and sold shares of the company. Hobbs Group Advisors LLC bought a new stake in A-Mark Precious Metals in the 3rd quarter valued at about $26,000. Coppell Advisory Solutions LLC lifted its position in A-Mark Precious Metals by 72.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company’s stock valued at $53,000 after purchasing an additional 806 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in A-Mark Precious Metals in the 3rd quarter valued at about $88,000. Farther Finance Advisors LLC lifted its position in A-Mark Precious Metals by 446.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company’s stock valued at $62,000 after purchasing an additional 1,840 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in A-Mark Precious Metals during the 3rd quarter valued at about $226,000. 75.25% of the stock is currently owned by 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.