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

Shares of Gold.com Inc. (NYSE:GOLD) have been given an average rating of “Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $59.75.

A number of research firms have weighed in on GOLD. Zacks Research raised Gold.com from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Weiss Ratings raised Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Roth Mkm set a $52.00 price objective on Gold.com in a report on Thursday, May 7th. DA Davidson reaffirmed a “buy” rating and set a $60.00 price objective on shares of Gold.com in a report on Tuesday, April 28th. Finally, Canaccord Genuity Group began coverage on Gold.com in a report on Tuesday. They set a “buy” rating and a $70.00 price objective on the stock.

Insider Activity

In other news, major shareholder Tether Global Investments Fund bought 530,338 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was bought at an average price of $44.50 per share, for a total transaction of $23,600,041.00. Following the completion of the purchase, the insider owned 3,370,787 shares of the company’s stock, valued at approximately $150,000,021.50. The trade was a 18.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder William A. Richardson sold 20,000 shares of Gold.com stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $40.00, for a total transaction of $800,000.00. Following the completion of the transaction, the insider owned 277,400 shares of the company’s stock, valued at $11,096,000. This trade represents a 6.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders bought 730,338 shares of company stock worth $31,842,096 and sold 90,000 shares worth $3,723,200. 0.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP bought a new position in shares of Gold.com in the fourth quarter valued at approximately $40,273,000. Charles Schwab Investment Management Inc. bought a new position in shares of Gold.com in the fourth quarter valued at approximately $32,408,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Gold.com in the fourth quarter valued at approximately $17,971,000. Geode Capital Management LLC bought a new position in shares of Gold.com in the fourth quarter valued at approximately $15,790,000. Finally, State Street Corp bought a new position in Gold.com in the 4th quarter worth approximately $15,019,000. Institutional investors own 62.85% of the company’s stock.

Gold.com Trading Up 2.0%

NYSE GOLD opened at $44.15 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $43.21. The firm has a market capitalization of $1.28 billion, a P/E ratio of 15.12 and a beta of 0.53. Gold.com has a 1-year low of $20.54 and a 1-year high of $66.70.

Gold.com (NYSE:GOLD) last released its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $1.62. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $4.81 billion. Gold.com had a return on equity of 17.82% and a net margin of 0.35%. On average, analysts predict that Gold.com will post 5.31 earnings per share for the current year.

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

Gold.com Announces Dividend

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

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.