In yesterday’s Wall Street session, A-Mark Precious Metals Inc. (NASDAQ:AMRK) shares traded at $37.35, up 1.25% from the previous session.
As of this writing, 3 analysts cover A-Mark Precious Metals Inc. (NASDAQ:AMRK). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $45.00, we find $53.50. Given the previous closing price of $36.89, this indicates a potential upside of 45.03 percent. AMRK stock price is now 12.50% away from the 50-day moving average and 15.88% away from the 200-day moving average. The market capitalization of the company currently stands at $833.28M.
There are 0 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $53.00 as their price target over the next twelve months.
With the price target of $50, B. Riley Securities recently initiated with Buy rating for A-Mark Precious Metals Inc. (NASDAQ: AMRK). On April 19, 2022, Northland Capital recently initiated its ‘Outperform’ rating on the stock quoting a target price of $105, while ‘DA Davidson’ rates the stock as ‘Buy’.
In other news, Gjerdrum Thor, President sold 13 shares of the company’s stock on Dec 01. The stock was sold for $467 at an average price of $35.02. Upon completion of the transaction, the President now directly owns 31,770 shares in the company, valued at $1.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Chief Executive Officer ROBERTS GREGORY N sold 10,000 shares of the business’s stock. A total of $332,856 was realized by selling the stock at an average price of $33.29. This leaves the insider owning 28,202 shares of the company worth $1.05 million. Insiders disposed of 188,142 shares of company stock worth roughly $7.03 million over the past 1 year. A total of 6.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AMRK stock. A new stake in A-Mark Precious Metals Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $8,625,000. DIVISADERO STREET CAPITAL MANAGEMENT, LP invested $4,743,000 in shares of AMRK during the first quarter. In the first quarter, CITADEL ADVISORS LLC acquired a new stake in A-Mark Precious Metals Inc. valued at approximately $3,164,000. TEACHER RETIREMENT SYSTEM OF TEXAS acquired a new stake in AMRK for approximately $1,443,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in AMRK valued at around $839,000 in the second quarter. In total, there are 187 active investors with 50.90% ownership of the company’s stock.
Tuesday morning saw A-Mark Precious Metals Inc. (NASDAQ: AMRK) opened at $36.89. During the past 12 months, A-Mark Precious Metals Inc. has had a low of $23.71 and a high of $43.10. As of last week, the company has a debt-to-equity ratio of 0.76, a current ratio of 1.60, and a quick ratio of 0.60. The fifty day moving average price for AMRK is $33.20 and a two-hundred day moving average price translates $32.90 for the stock.
The latest earnings results from A-Mark Precious Metals Inc. (NASDAQ: AMRK) was released for Jun, 2022. According to the Capital Markets Company, earnings per share came in at $1.52, beating analysts’ expectations of $1.27 by 0.25. This compares to $1.09 EPS in the same period last year. The net profit margin was 1.90% and return on equity was 33.00% for AMRK. The company reported revenue of $1.9 billion for the quarter, compared to $2.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.64 percent. For the current quarter, analysts expect AMRK to generate $2.01B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/27/2023. Investors who held shares on 01/16/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 2.14% percent yield. There was an ex-dividend date of 01/12/2023 for this dividend. In terms of dividend payout ratio, AMRK is presently at 3.00%.
A-Mark Precious Metals Inc.(AMRK) 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. The Direct-to-Consumer segment provides access to an array of gold, silver, copper, platinum, and palladium products through its websites and marketplaces. It operates five company-owned websites targeting specific niches within the precious metals retail market. This segment also operates as a direct retailer of precious metals to the investor community and markets its precious metal products on television, radio, and the internet, as well as through customer service outreach. The Secured Lending segment originates and acquires commercial loans secured by bullion and numismatic coins; and serves coin and precious metal dealers, investors, and collectors. It serves customers, including financial institutions, bullion retailers, industrial manufacturers and fabricators, sovereign mints, refiners, coin and metal dealers, investors, collectors, and e-commerce and other retail customers. The company has operations in the United States, rest of North America, Europe, the Asia Pacific, Africa, and Australia. A-Mark Precious Metals, Inc. was founded in 1965 and is headquartered in El Segundo, California.