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

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has earned an average recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $41.75.

AMRK has been the subject of several analyst reports. Northland Securities decreased their price objective on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a report on Friday, February 7th. DA Davidson reissued a “buy” rating and issued a $35.00 price target on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Finally, StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

A-Mark Precious Metals Trading Down 0.3 %

Shares of NASDAQ AMRK opened at $22.69 on Friday. A-Mark Precious Metals has a 1-year low of $20.60 and a 1-year high of $47.39. The business has a fifty day moving average price of $26.39 and a 200 day moving average price of $30.13. The stock has a market capitalization of $522.30 million, a P/E ratio of 11.07 and a beta of 0.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data 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%. Equities research analysts expect that A-Mark Precious Metals will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Tuesday, April 15th. A-Mark Precious Metals’s payout ratio is 39.02%.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of large investors have recently bought and sold shares of AMRK. Coppell Advisory Solutions LLC boosted its holdings in shares of 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 acquiring an additional 806 shares during the last quarter. Farther Finance Advisors LLC raised its position in 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 valued at $62,000 after acquiring an additional 1,840 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of A-Mark Precious Metals in the 1st quarter valued at $70,000. GAMMA Investing LLC increased its holdings in A-Mark Precious Metals by 11,170.5% in the first quarter. GAMMA Investing LLC now owns 6,875 shares of the company’s stock valued at $174,000 after buying an additional 6,814 shares in the last quarter. Finally, Ancora Advisors LLC raised its holdings in A-Mark Precious Metals by 2,013.1% in the 4th quarter. Ancora Advisors LLC now owns 7,121 shares of the company’s stock worth $195,000 after purchasing an additional 6,784 shares during the period. Hedge funds and other institutional investors own 75.25% of the company’s stock.

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.