A-Mark Precious Metals Inc to Post FY2019 Earnings of $1.40 Per Share, B. Riley Forecasts (AMRK)

A-Mark Precious Metals Inc (NASDAQ:AMRK) – Investment analysts at B. Riley increased their FY2019 EPS estimates for shares of A-Mark Precious Metals in a report issued on Friday. B. Riley analyst S. Sherbetchyan now anticipates that the company will earn $1.40 per share for the year, up from their previous forecast of $1.34. B. Riley currently has a “Neutral” rating and a $17.00 target price on the stock.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.49 billion. A-Mark Precious Metals had a net margin of 0.04% and a return on equity of 4.06%.

AMRK has been the subject of a number of other research reports. cut their price target on shares of A-Mark Precious Metals from $19.00 to $17.50 and set a “neutral” rating for the company in a report on Wednesday, November 15th. 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, ValuEngine cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. A-Mark Precious Metals presently has an average rating of “Hold” and a consensus target price of $19.60.

A-Mark Precious Metals (NASDAQ AMRK) opened at $11.14 on Monday. The company has a quick ratio of 0.39, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. The stock has a market cap of $78.33, a PE ratio of 27.17 and a beta of -0.09. A-Mark Precious Metals has a twelve month low of $10.39 and a twelve month high of $21.66.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.32 annualized dividend and a dividend yield of 2.87%. A-Mark Precious Metals’s dividend payout ratio is currently 86.49%.

Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its stake 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 worth $182,000 after purchasing an additional 11,100 shares during the last quarter. Northern Trust Corp boosted its stake 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 worth $564,000 after purchasing an additional 1,902 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of A-Mark Precious Metals by 51.0% during the 4th quarter. Wedbush Securities Inc. now owns 38,746 shares of the company’s stock worth $568,000 after purchasing an additional 13,080 shares during the last quarter. Shufro Rose & Co. LLC boosted its stake 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 worth $3,658,000 after purchasing an additional 5,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake 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 worth $4,434,000 after purchasing an additional 2,694 shares during the last quarter. 19.88% of the stock is currently owned by institutional investors.

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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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