A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Given Consensus Rating of “Hold” by Brokerages

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has been given a consensus recommendation of “Hold” by the five research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $46.33.

A number of analysts have recently issued reports on the stock. DA Davidson dropped their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hobbs Group Advisors LLC acquired a new stake in shares of A-Mark Precious Metals during the 3rd quarter valued at about $26,000. Quarry LP grew its holdings in A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after purchasing an additional 539 shares during the period. nVerses Capital LLC acquired a new position in A-Mark Precious Metals in the second quarter valued at about $45,000. Strategic Investment Solutions Inc. IL bought a new position in A-Mark Precious Metals in the third quarter valued at approximately $88,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of A-Mark Precious Metals in the 3rd quarter valued at about $226,000. Institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Price Performance

Shares of A-Mark Precious Metals stock opened at $27.78 on Friday. The business’s fifty day moving average price is $30.48 and its 200 day moving average price is $35.67. A-Mark Precious Metals has a twelve month low of $24.22 and a twelve month high of $47.39. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $644.05 million, a P/E ratio of 11.82 and a beta of -0.06.

A-Mark Precious Metals Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through 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.