A-Mark Precious Metals Inc (AMRK) to Issue $0.08 Quarterly Dividend

A-Mark Precious Metals Inc (NASDAQ:AMRK) declared a quarterly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Tuesday, February 13th will be paid a dividend of 0.08 per share on Tuesday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Monday, February 12th.

Shares of A-Mark Precious Metals (NASDAQ AMRK) traded down $0.26 during trading hours on Monday, hitting $12.95. 37,784 shares of the company were exchanged, compared to its average volume of 14,208. The company has a current ratio of 1.11, a quick ratio of 0.39 and a debt-to-equity ratio of 0.09. A-Mark Precious Metals has a 1 year low of $12.51 and a 1 year high of $21.66. The company has a market cap of $91.06, a P/E ratio of 13.92 and a beta of -0.10.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Tuesday, November 14th. The company reported $0.07 EPS for the quarter, missing the Zacks’ 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 predict that A-Mark Precious Metals will post 0.43 earnings per share for the current fiscal year.

An institutional investor recently raised its position in A-Mark Precious Metals stock. Northern Trust Corp boosted its position in A-Mark Precious Metals Inc (NASDAQ:AMRK) by 5.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,386 shares of the company’s stock after purchasing an additional 1,902 shares during the period. Northern Trust Corp owned approximately 0.49% of A-Mark Precious Metals worth $564,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 19.66% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on the stock. B. Riley reaffirmed a “hold” rating and issued a $19.00 price target on shares of A-Mark Precious Metals in a report 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. decreased 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. Finally, ValuEngine downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $19.77.

TRADEMARK VIOLATION NOTICE: This report was posted by American Banking News and is owned by of American Banking News. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/02/05/a-mark-precious-metals-inc-amrk-to-issue-0-08-quarterly-dividend.html.

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.

Dividend History for A-Mark Precious Metals (NASDAQ:AMRK)

Receive News & Ratings for A-Mark Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A-Mark Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply