A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has been assigned a consensus recommendation of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $19.77.

A number of research firms have recently issued reports on AMRK. lowered their target price on A-Mark Precious Metals from $19.00 to $17.50 and set a “neutral” rating for the company in a research note on Wednesday. B. Riley lowered their target price on A-Mark Precious Metals from $19.00 to $17.50 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Zacks Investment Research upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday.

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 3,300 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $17.17, for a total transaction of $56,661.00. Following the transaction, the chief executive officer now owns 32,656 shares of the company’s stock, valued at approximately $560,703.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders have sold 10,900 shares of company stock worth $181,644. 38.80% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in A-Mark Precious Metals by 13.4% during the 1st quarter. JPMorgan Chase & Co. now owns 15,470 shares of the company’s stock worth $264,000 after buying an additional 1,829 shares during the last quarter. Northern Trust Corp lifted its holdings in A-Mark Precious Metals by 5.9% during the 2nd quarter. Northern Trust Corp now owns 34,386 shares of the company’s stock worth $564,000 after buying an additional 1,902 shares during the last quarter. Cove Street Capital LLC lifted its holdings in A-Mark Precious Metals by 3.9% during the 2nd quarter. Cove Street Capital LLC now owns 64,390 shares of the company’s stock worth $1,055,000 after buying an additional 2,390 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in A-Mark Precious Metals by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 269,694 shares of the company’s stock worth $4,434,000 after buying an additional 2,694 shares during the last quarter. Finally, Shufro Rose & Co. LLC lifted its holdings in A-Mark Precious Metals by 2.7% during the 3rd quarter. Shufro Rose & Co. LLC now owns 221,550 shares of the company’s stock worth $3,658,000 after buying an additional 5,800 shares during the last quarter. 19.85% of the stock is currently owned by institutional investors.

Shares of A-Mark Precious Metals (NASDAQ:AMRK) traded down $0.01 during trading hours on Wednesday, reaching $15.20. The company’s stock had a trading volume of 16,100 shares, compared to its average volume of 16,410. The firm has a market capitalization of $106.95, a price-to-earnings ratio of 15.36 and a beta of 0.06. A-Mark Precious Metals has a 12 month low of $14.75 and a 12 month high of $21.66.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its earnings results on Tuesday, September 12th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.10). A-Mark Precious Metals had a net margin of 0.10% and a return on equity of 9.95%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.81 billion. research analysts forecast that A-Mark Precious Metals will post 1.3 EPS for the current fiscal year.

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A-Mark Precious Metals Company Profile

A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.

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