A-Mark Precious Metals Inc (AMRK) Given Average Rating of “Buy” by Analysts

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

AMRK has been the topic of several recent analyst reports. B. Riley restated a “hold” rating and set a $19.00 price objective on shares of A-Mark Precious Metals in a research note on Monday, November 13th. Zacks Investment Research raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, decreased 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 report on Wednesday, November 15th.

Institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of A-Mark Precious Metals by 1,110,000.0% during the 2nd quarter. Wells Fargo & Company MN now owns 11,101 shares of the company’s stock valued at $182,000 after purchasing an additional 11,100 shares during the last quarter. Northern Trust Corp increased its position in shares of A-Mark Precious Metals by 5.9% during the 2nd quarter. Northern Trust Corp now owns 34,386 shares of the company’s stock valued at $564,000 after purchasing an additional 1,902 shares during the last quarter. Shufro Rose & Co. LLC increased its position in shares of 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 valued at $3,658,000 after purchasing an additional 5,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of 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 valued at $4,434,000 after purchasing an additional 2,694 shares during the last quarter. 19.66% of the stock is owned by hedge funds and other institutional investors.

A-Mark Precious Metals (AMRK) opened at $13.78 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.39 and a current ratio of 1.11. A-Mark Precious Metals has a 52 week low of $12.51 and a 52 week high of $21.66. The firm has a market capitalization of $97.10, a price-to-earnings ratio of 17.44 and a beta of 0.03.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data on Tuesday, November 14th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.16). A-Mark Precious Metals had a net margin of 0.08% and a return on equity of 7.75%. equities research analysts anticipate that A-Mark Precious Metals will post 0.43 earnings per share for the current year.

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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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