Gold.com (NYSE:GOLD) Trading Up 13% on Analyst Upgrade

Gold.com Inc. (NYSE:GOLD)’s share price was up 13% during trading on Tuesday 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 $50.99 and last traded at $49.8220. Approximately 426,119 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 610,448 shares. The stock had previously closed at $44.10.

A number of other equities research analysts also recently commented on GOLD. Weiss Ratings assumed coverage on Gold.com in a report on Wednesday, January 14th. They set a “hold (c-)” rating for the company. Roth Mkm reissued a “buy” rating and set a $50.00 price target on shares of Gold.com in a report on Friday, January 16th. Finally, Zacks Research raised shares of Gold.com from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Gold.com presently has an average rating of “Moderate Buy” and a consensus price target of $56.50.

Hedge Funds Weigh In On Gold.com

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

Gold.com Trading Up 5.4%

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 0.58. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 29.23 and a beta of 0.38.

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.