A-Mark Precious Metals (NASDAQ:AMRK) PT Raised to $52.00

A-Mark Precious Metals (NASDAQ:AMRK) had its target price hoisted by DA Davidson from $47.00 to $52.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock. DA Davidson also issued estimates for A-Mark Precious Metals’ Q1 2025 earnings at $1.28 EPS, FY2025 earnings at $4.38 EPS and FY2026 earnings at $5.25 EPS.

Separately, StockNews.com upgraded A-Mark Precious Metals from a sell rating to a hold rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, A-Mark Precious Metals currently has an average rating of Hold and an average price target of $49.33.

A-Mark Precious Metals Stock Down 0.2 %

NASDAQ:AMRK opened at $44.60 on Monday. The stock’s fifty day moving average price is $39.68 and its two-hundred day moving average price is $37.05. A-Mark Precious Metals has a 52-week low of $23.14 and a 52-week high of $47.39. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 1.63. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 13.68 and a beta of -0.05.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.64 billion. A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. On average, analysts anticipate that A-Mark Precious Metals will post 4.29 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 24.54%.

Insider Activity at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 22,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.44, for a total transaction of $999,680.00. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,281,498.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 22,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.44, for a total transaction of $999,680.00. Following the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $1,281,498.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory N. Roberts sold 7,680 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $44.03, for a total transaction of $338,150.40. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,241,734.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,316 shares of company stock worth $4,911,036. Company insiders own 23.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in A-Mark Precious Metals by 99.6% in the 1st quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company’s stock valued at $1,047,000 after purchasing an additional 17,023 shares during the period. GSA Capital Partners LLP purchased a new position in A-Mark Precious Metals in the 1st quarter worth $712,000. Campbell & CO Investment Adviser LLC purchased a new position in A-Mark Precious Metals in the 4th quarter worth $714,000. Evergreen Capital Management LLC raised its position in A-Mark Precious Metals by 359.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock worth $2,657,000 after purchasing an additional 64,221 shares during the period. Finally, Driehaus Capital Management LLC purchased a new position in A-Mark Precious Metals in the 2nd quarter worth $5,702,000. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

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.