Zacks: A-Mark Precious Metals Inc. (AMRK) Given $16.25 Average Price Target by Brokerages
A-Mark Precious Metals Inc. (NASDAQ:AMRK) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Analysts have set a one year consensus target price of $16.25 for the company and are forecasting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned A-Mark Precious Metals an industry rank of 255 out of 265 based on the ratings given to related companies.
Several analysts recently issued reports on AMRK shares. B. Riley reaffirmed a “neutral” rating and set a $16.25 price objective on shares of A-Mark Precious Metals in a research note on Sunday, September 25th. Zacks Investment Research raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Monday, July 4th. Finally, TheStreet cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th.
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In other news, CEO Gregory N. Roberts sold 3,300 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $16.35, for a total value of $53,955.00. Following the completion of the sale, the chief executive officer now owns 68,956 shares of the company’s stock, valued at approximately $1,127,430.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 44.90% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in A-Mark Precious Metals by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 295,330 shares of the company’s stock valued at $4,778,000 after buying an additional 20,316 shares during the period. Shufro Rose & Co. LLC boosted its stake in A-Mark Precious Metals by 7.6% in the second quarter. Shufro Rose & Co. LLC now owns 204,300 shares of the company’s stock valued at $3,306,000 after buying an additional 14,500 shares during the period. Vanguard Group Inc. boosted its stake in A-Mark Precious Metals by 1.8% in the second quarter. Vanguard Group Inc. now owns 172,142 shares of the company’s stock valued at $2,785,000 after buying an additional 3,013 shares during the period. Numeric Investors LLC boosted its stake in A-Mark Precious Metals by 39.2% in the second quarter. Numeric Investors LLC now owns 138,648 shares of the company’s stock valued at $2,243,000 after buying an additional 39,053 shares during the period. Finally, Mork Capital Management LLC boosted its stake in A-Mark Precious Metals by 25.0% in the second quarter. Mork Capital Management LLC now owns 50,000 shares of the company’s stock valued at $809,000 after buying an additional 10,000 shares during the period. 20.53% of the stock is owned by institutional investors and hedge funds.
Shares of A-Mark Precious Metals (NASDAQ:AMRK) traded down 0.7725% during mid-day trading on Tuesday, reaching $15.6581. The company had a trading volume of 6,062 shares. A-Mark Precious Metals has a one year low of $13.41 and a one year high of $22.07. The company has a 50 day moving average price of $16.36 and a 200 day moving average price of $17.27. The company has a market capitalization of $109.94 million, a price-to-earnings ratio of 12.0447 and a beta of 0.02.
A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Wednesday, September 21st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.10. A-Mark Precious Metals had a net margin of 0.13% and a return on equity of 14.37%. On average, analysts anticipate that A-Mark Precious Metals will post $1.48 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 7th. Stockholders of record on Monday, September 19th were paid a $0.07 dividend. The ex-dividend date was Thursday, September 15th. This represents a $0.28 annualized dividend and a dividend yield of 1.77%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 22.05%.
About A-Mark Precious Metals
A-Mark Precious Metals, Inc is a precious metals trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. The Company also distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers secure storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as Repo accounts, and trade quotes in a range of foreign currencies.
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