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

Gold.com Inc. (NYSE:GOLD)’s stock price reached a new 52-week high on Monday after DA Davidson raised their price target on the stock from $53.00 to $60.00. DA Davidson currently has a buy rating on the stock. Gold.com traded as high as $60.49 and last traded at $61.52, with a volume of 127817 shares trading hands. The stock had previously closed at $55.32.

Other equities research analysts have also issued research reports about the stock. Roth Mkm set a $60.00 target price on shares of Gold.com in a research note on Wednesday, January 28th. Zacks Research upgraded shares of Gold.com from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a report on Friday, February 6th. Finally, Weiss Ratings started coverage on Gold.com in a research report on Wednesday, January 14th. They issued a “hold (c-)” rating for the company. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Gold.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Institutional Trading of Gold.com

A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new position in Gold.com during the 4th quarter valued at approximately $5,644,000. Monaco Asset Management SAM bought a new stake in Gold.com in the fourth quarter worth $477,000. BNP Paribas Financial Markets purchased a new stake in shares of Gold.com in the fourth quarter worth $4,505,000. Intech Investment Management LLC bought a new position in shares of Gold.com during the fourth quarter valued at $229,000. Finally, Geode Capital Management LLC purchased a new position in shares of Gold.com in the 4th quarter worth about $15,790,000. 62.85% of the stock is owned by institutional investors.

Gold.com Price Performance

The stock has a market capitalization of $1.58 billion, a PE ratio of 133.17 and a beta of 0.41. The company has a quick ratio of 0.58, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

Gold.com (NYSE:GOLD) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. The business had revenue of $6.48 billion during the quarter, compared to analyst estimates of $3.41 billion. Gold.com had a net margin of 0.08% and a return on equity of 7.56%.

Gold.com Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 20th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, February 20th. Gold.com’s payout ratio is presently 170.21%.

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.