DA Davidson Cuts A-Mark Precious Metals (NASDAQ:AMRK) Price Target to $29.00

A-Mark Precious Metals (NASDAQ:AMRK) had its price target lowered by DA Davidson from $35.00 to $29.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also issued reports about the company. Northland Securities cut 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. B. Riley reduced their price target on A-Mark Precious Metals from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, A-Mark Precious Metals has an average rating of “Hold” and a consensus price target of $40.50.

A-Mark Precious Metals Trading Up 4.2 %

Shares of NASDAQ AMRK opened at $21.59 on Thursday. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. A-Mark Precious Metals has a one year low of $19.76 and a one year high of $47.39. The business has a 50-day moving average price of $25.06 and a two-hundred day moving average price of $27.81. The firm has a market capitalization of $496.98 million, a PE ratio of 10.53 and a beta of 0.32.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.54). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.66 billion. As a group, 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 announced a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.80 annualized dividend and a yield of 3.71%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 39.02%.

Institutional Trading of A-Mark Precious Metals

Several large investors have recently made changes to their positions in the stock. New York State Teachers Retirement System acquired a new stake in A-Mark Precious Metals in the 1st quarter worth approximately $41,000. Coppell Advisory Solutions LLC lifted its stake in shares of A-Mark Precious Metals by 72.5% in 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 last quarter. CWM LLC boosted its holdings in shares of A-Mark Precious Metals by 1,192.3% during the 1st quarter. CWM LLC now owns 2,184 shares of the company’s stock worth $55,000 after buying an additional 2,015 shares during the period. Farther Finance Advisors LLC grew its stake 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 buying an additional 1,840 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in A-Mark Precious Metals in the 1st quarter worth $70,000. 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.