A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Given Consensus Recommendation of “Hold” by Brokerages

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has been assigned an average rating of “Hold” from the five research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $41.75.

A number of equities analysts recently commented on AMRK shares. Northland Securities lowered 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. DA Davidson restated a “buy” rating and issued a $35.00 price objective on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th. Finally, StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th.

Institutional Investors Weigh In On A-Mark Precious Metals

Hedge funds have recently made changes to their positions in the business. Hobbs Group Advisors LLC acquired a new stake in shares of A-Mark Precious Metals during the third quarter worth about $26,000. Coppell Advisory Solutions LLC boosted its stake in shares of A-Mark Precious Metals by 72.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company’s stock worth $53,000 after buying an additional 806 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of A-Mark Precious Metals by 446.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company’s stock worth $62,000 after buying an additional 1,840 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of A-Mark Precious Metals during the third quarter worth about $226,000. Finally, Intech Investment Management LLC acquired a new stake in shares of A-Mark Precious Metals during the third quarter worth about $251,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock opened at $28.42 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average price of $27.67 and a 200 day moving average price of $32.59. The company has a market cap of $654.20 million, a P/E ratio of 13.86 and a beta of 0.07. A-Mark Precious Metals has a 12 month low of $25.01 and a 12 month high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Thursday, February 6th. The company reported $0.55 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%. Sell-side 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were paid a $0.20 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 annualized dividend and a yield of 2.81%. A-Mark Precious Metals’s dividend payout ratio is presently 39.02%.

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.