DA Davidson Raises Gold.com (NYSE:GOLD) Price Target to $53.00

Gold.com (NYSE:GOLD) had its target price upped by equities researchers at DA Davidson from $45.00 to $53.00 in a note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential downside of 1.67% from the company’s current price.

Other research analysts have also issued reports about the stock. Weiss Ratings initiated coverage on shares of Gold.com in a research note on Wednesday, January 14th. They issued a “hold (c-)” rating on the stock. Roth Mkm reissued a “buy” rating and set a $50.00 price objective on shares of Gold.com in a research note on Friday, January 16th. Finally, Zacks Research upgraded Gold.com from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.50.

Gold.com Price Performance

NYSE:GOLD opened at $53.90 on Tuesday. The stock has a market capitalization of $1.33 billion, a PE ratio of 29.23 and a beta of 0.38. Gold.com has a twelve month low of $19.39 and a twelve month high of $55.63. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.42.

Institutional Investors Weigh In On Gold.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC acquired a new stake in shares of Gold.com during the 4th quarter worth about $35,000. Evergreen Capital Management LLC acquired a new stake in shares of Gold.com during the fourth quarter valued at about $2,588,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Gold.com in the 4th quarter valued at approximately $105,000. Nations Financial Group Inc. IA ADV purchased a new stake in shares of Gold.com in the 4th quarter valued at approximately $1,319,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Gold.com in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Gold.com Company Profile

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.