Gold.com (NYSE:GOLD) Sets New 52-Week High Following Analyst Upgrade

Gold.com Inc. (NYSE:GOLD) reached a new 52-week high on Wednesday after DA Davidson raised their price target on the stock from $45.00 to $53.00. DA Davidson currently has a buy rating on the stock. Gold.com traded as high as $52.92 and last traded at $51.20, with a volume of 2104644 shares changing hands. The stock had previously closed at $44.10.

Several other equities research analysts also recently weighed in on GOLD. Weiss Ratings initiated coverage on Gold.com in a report on Wednesday, January 14th. They set a “hold (c-)” rating for the company. Zacks Research upgraded Gold.com from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Finally, Roth Mkm reissued a “buy” rating and set a $50.00 target price on shares of Gold.com in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $51.50.

Institutional Trading of Gold.com

A number of hedge funds have recently modified their holdings of GOLD. Daytona Street Capital LLC bought a new stake in Gold.com during the fourth quarter valued at $68,000. Massachusetts Financial Services Co. MA purchased a new stake in Gold.com in the 4th quarter valued at $890,000. State of Alaska Department of Revenue bought a new position in shares of Gold.com during the 4th quarter worth approximately $44,000. CWM LLC purchased a new stake in Gold.com during the fourth quarter worth about $35,000. Finally, Nations Financial Group Inc. IA ADV purchased a new position in Gold.com in the fourth quarter valued at approximately $1,319,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Gold.com Trading Up 16.1%

The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 25.20 and a beta of 0.38. The company has a quick ratio of 0.58, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

About Gold.com

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.