Gold.com Inc. (NYSE:GOLD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Gold.com Inc. (NYSE:GOLD) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $59.75.

Several brokerages recently issued reports on GOLD. Roth Mkm set a $52.00 price target on Gold.com in a research note on Thursday, May 7th. Weiss Ratings raised Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Canaccord Genuity Group initiated coverage on Gold.com in a research report on Tuesday, June 9th. They set a “buy” rating and a $70.00 price objective on the stock. DA Davidson restated a “buy” rating and issued a $60.00 target price on shares of Gold.com in a research note on Tuesday, April 28th. Finally, Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday.

Gold.com Price Performance

NYSE:GOLD opened at $43.86 on Friday. The firm has a market cap of $1.27 billion, a PE ratio of 15.02 and a beta of 0.55. Gold.com has a one year low of $20.55 and a one year high of $66.70. The firm’s fifty day moving average is $42.51. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11.

Gold.com (NYSE:GOLD) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $1.62. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $4.81 billion. As a group, equities research analysts anticipate that Gold.com will post 5.31 EPS for the current year.

Gold.com Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were paid a $0.20 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. Gold.com’s dividend payout ratio is currently 27.40%.

Gold.com declared that its Board of Directors has initiated a share repurchase plan on Wednesday, April 8th that allows the company to repurchase 2,000,000,000,000 shares. This repurchase authorization allows the company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Gold.com

In other Gold.com news, major shareholder Tether Global Investments Fund bought 530,338 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average cost of $44.50 per share, for a total transaction of $23,600,041.00. Following the transaction, the insider owned 3,370,787 shares in the company, valued at approximately $150,000,021.50. The trade was a 18.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory N. Roberts sold 40,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total transaction of $1,663,200.00. Following the completion of the sale, the chief executive officer directly owned 28,202 shares in the company, valued at approximately $1,172,639.16. The trade was a 58.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have bought a total of 730,338 shares of company stock valued at $31,842,096 over the last ninety days. 0.63% of the stock is owned by insiders.

Institutional Investors Weigh In On Gold.com

Several large investors have recently modified their holdings of GOLD. Dimensional Fund Advisors LP acquired a new position in shares of Gold.com in the 4th quarter worth approximately $40,273,000. Charles Schwab Investment Management Inc. acquired a new stake in Gold.com in the 4th quarter valued at $32,408,000. Jacobs Levy Equity Management Inc. acquired a new stake in Gold.com in the 4th quarter valued at $17,971,000. Geode Capital Management LLC bought a new stake in Gold.com in the fourth quarter valued at $15,790,000. Finally, State Street Corp bought a new stake in Gold.com in the fourth quarter valued at $15,019,000. 62.85% of the stock is currently owned by institutional investors.

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.