A-Mark Precious Metals (NASDAQ:AMRK) Earns “Buy” Rating from DA Davidson

A-Mark Precious Metals (NASDAQ:AMRK)‘s stock had its “buy” rating reiterated by research analysts at DA Davidson in a report issued on Tuesday,Benzinga reports. They presently have a $35.00 price objective on the stock. DA Davidson’s price target would indicate a potential upside of 30.35% from the company’s previous close.

Other analysts have also issued reports about the stock. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Northland Securities lowered their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $41.75.

A-Mark Precious Metals Stock Performance

A-Mark Precious Metals stock opened at $26.85 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average of $27.58 and a 200-day moving average of $33.09. The firm has a market cap of $618.06 million, a P/E ratio of 13.10 and a beta of 0.07. A-Mark Precious Metals has a 1-year low of $25.01 and a 1-year high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. Sell-side analysts expect that A-Mark Precious Metals will post 2.11 EPS for the current year.

Hedge Funds Weigh In On A-Mark Precious Metals

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in shares of A-Mark Precious Metals by 5.4% during the third quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock valued at $19,072,000 after purchasing an additional 22,087 shares during the last quarter. Barclays PLC lifted its holdings in shares of A-Mark Precious Metals by 349.0% during the third quarter. Barclays PLC now owns 28,536 shares of the company’s stock valued at $1,259,000 after purchasing an additional 22,181 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of A-Mark Precious Metals by 38.6% during the fourth quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock valued at $10,094,000 after purchasing an additional 102,524 shares during the last quarter. FMR LLC lifted its holdings in shares of A-Mark Precious Metals by 1,714.4% during the third quarter. FMR LLC now owns 1,209,801 shares of the company’s stock valued at $53,425,000 after purchasing an additional 1,143,125 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of A-Mark Precious Metals by 136.3% during the third quarter. JPMorgan Chase & Co. now owns 35,207 shares of the company’s stock valued at $1,555,000 after purchasing an additional 20,309 shares during the last quarter. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.