Shares of A-Mark Precious Metals Inc (NASDAQ:AMRK) have earned a consensus rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $19.77.

AMRK has been the subject of a number of recent research reports. B. Riley reissued a “hold” rating and issued a $19.00 price objective on shares of A-Mark Precious Metals in a research note on Monday, November 13th. Zacks Investment Research raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, dropped their price objective on shares of A-Mark Precious Metals from $19.00 to $17.50 and set a “neutral” rating for the company in a research note on Wednesday, November 15th.

A-Mark Precious Metals (NASDAQ AMRK) opened at $12.56 on Friday. A-Mark Precious Metals has a 52 week low of $12.55 and a 52 week high of $21.66. The company has a market cap of $91.76, a price-to-earnings ratio of 16.52 and a beta of 0.03. The company has a quick ratio of 0.39, a current ratio of 1.11 and a debt-to-equity ratio of 0.09.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data on Tuesday, September 12th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.10). A-Mark Precious Metals had a return on equity of 7.75% and a net margin of 0.08%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.81 billion. sell-side analysts anticipate that A-Mark Precious Metals will post 0.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 24th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.55%. A-Mark Precious Metals’s payout ratio is currently 40.51%.

In other news, CEO Gregory N. Roberts sold 3,300 shares of the firm’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $16.37, for a total value of $54,021.00. Following the completion of the sale, the chief executive officer now owns 26,056 shares in the company, valued at approximately $426,536.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 9,200 shares of company stock valued at $148,879 in the last 90 days. Company insiders own 38.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of A-Mark Precious Metals by 1,110,000.0% in the 2nd quarter. Wells Fargo & Company MN now owns 11,101 shares of the company’s stock worth $182,000 after acquiring an additional 11,100 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in shares of A-Mark Precious Metals by 52.5% in the 2nd quarter. Wedbush Securities Inc. now owns 25,162 shares of the company’s stock worth $412,000 after acquiring an additional 8,662 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of A-Mark Precious Metals by 5.9% in the 2nd quarter. Northern Trust Corp now owns 34,386 shares of the company’s stock worth $564,000 after acquiring an additional 1,902 shares during the last quarter. Cove Street Capital LLC lifted its holdings in shares of A-Mark Precious Metals by 3.9% in the 2nd quarter. Cove Street Capital LLC now owns 64,390 shares of the company’s stock worth $1,055,000 after acquiring an additional 2,390 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of A-Mark Precious Metals by 10.5% in the 2nd quarter. William Blair Investment Management LLC now owns 196,332 shares of the company’s stock worth $3,217,000 after acquiring an additional 18,585 shares during the last quarter. Hedge funds and other institutional investors own 19.66% of the company’s stock.

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About A-Mark Precious Metals

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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