Brokerages Set A-Mark Precious Metals, Inc. (NASDAQ:AMRK) PT at $41.75

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

Several research analysts have weighed in 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 on the stock in a research report on Friday, February 7th. 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. Finally, DA Davidson restated a “buy” rating and set a $35.00 target price on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of A-Mark Precious Metals by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock worth $19,072,000 after purchasing an additional 22,087 shares in the last quarter. Barclays PLC increased its stake in shares of A-Mark Precious Metals by 349.0% during the 3rd quarter. Barclays PLC now owns 28,536 shares of the company’s stock worth $1,259,000 after purchasing an additional 22,181 shares in the last quarter. CWA Asset Management Group LLC increased its stake in shares of A-Mark Precious Metals by 38.6% during the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock worth $10,094,000 after purchasing an additional 102,524 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of A-Mark Precious Metals during the 4th quarter worth approximately $338,000. Finally, FMR LLC increased its stake in shares of A-Mark Precious Metals by 1,714.4% during the 3rd quarter. FMR LLC now owns 1,209,801 shares of the company’s stock worth $53,425,000 after purchasing an additional 1,143,125 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

A-Mark Precious Metals Trading Down 3.3 %

NASDAQ AMRK opened at $28.42 on Wednesday. The stock has a market capitalization of $654.20 million, a P/E ratio of 13.86 and a beta of 0.07. A-Mark Precious Metals has a 52-week low of $25.01 and a 52-week high of $47.39. The firm has a 50-day moving average price of $27.67 and a 200 day moving average price of $32.70. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34.

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 the consensus estimate 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%. Equities research analysts expect that A-Mark Precious Metals will post 2.11 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently declared 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 2.81%. A-Mark Precious Metals’s dividend payout ratio is presently 39.02%.

A-Mark Precious Metals Company Profile

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.