Separately, Northland Securities increased their target price on shares of A-Mark Precious Metals from $55.00 to $60.00 and gave the stock an outperform rating in a research note on Wednesday, May 25th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $52.33.
A-Mark Precious Metals Trading Up 3.2 %
AMRK stock opened at $29.74 on Tuesday. The company’s 50-day simple moving average is $31.52 and its 200-day simple moving average is $34.67. The company has a quick ratio of 0.46, a current ratio of 1.41 and a debt-to-equity ratio of 0.19. A-Mark Precious Metals has a 52-week low of $24.67 and a 52-week high of $44.60. The firm has a market cap of $684.85 million, a P/E ratio of 5.47 and a beta of -0.31.
A-Mark Precious Metals Announces Dividend
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC lifted its stake in A-Mark Precious Metals by 8.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 20,273 shares of the company’s stock valued at $1,568,000 after buying an additional 1,536 shares in the last quarter. IMS Capital Management purchased a new position in A-Mark Precious Metals in the 1st quarter valued at about $1,756,000. Wasatch Advisors Inc. lifted its stake in A-Mark Precious Metals by 20.1% in the 4th quarter. Wasatch Advisors Inc. now owns 174,609 shares of the company’s stock valued at $10,669,000 after buying an additional 29,254 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in A-Mark Precious Metals in the 4th quarter valued at about $4,492,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in A-Mark Precious Metals in the 4th quarter valued at about $1,870,000. 59.78% of the stock is owned by hedge funds and other institutional investors.
A-Mark Precious Metals Company Profile
A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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.
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