A-Mark Precious Metals (NASDAQ:AMRK) Given Buy Rating at DA Davidson

DA Davidson reaffirmed their buy rating on shares of A-Mark Precious Metals (NASDAQ:AMRK) in a research report report published on Tuesday,Benzinga reports. DA Davidson currently has a $35.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. Northland Securities lowered their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.75.

A-Mark Precious Metals Stock Performance

AMRK stock opened at $27.35 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $27.60 and a 200-day moving average price of $33.14. The firm has a market cap of $629.57 million, a PE ratio of 13.34 and a beta of 0.07. A-Mark Precious Metals has a 1-year low of $25.01 and a 1-year high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. As a group, equities research analysts expect that A-Mark Precious Metals will post 2.11 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.93%. A-Mark Precious Metals’s dividend payout ratio is presently 39.02%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new position in A-Mark Precious Metals in the third quarter valued at $26,000. Coppell Advisory Solutions LLC grew its stake in shares of A-Mark Precious Metals by 72.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company’s stock valued at $53,000 after buying an additional 806 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of A-Mark Precious Metals by 446.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company’s stock valued at $62,000 after buying an additional 1,840 shares during the last quarter. Ancora Advisors LLC grew its stake in shares of A-Mark Precious Metals by 2,013.1% during the fourth quarter. Ancora Advisors LLC now owns 7,121 shares of the company’s stock valued at $195,000 after buying an additional 6,784 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of A-Mark Precious Metals during the fourth quarter valued at about $200,000. Institutional investors own 75.25% of the company’s stock.

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.