A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Average Recommendation of “Hold” from Analysts

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have earned an average rating of “Hold” from the five analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $41.75.

Several equities analysts recently weighed in on the stock. Northland Securities reduced their target price 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. DA Davidson restated a “buy” rating and set a $35.00 target price on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Finally, StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

Institutional Investors Weigh In On A-Mark Precious Metals

Several hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of A-Mark Precious Metals by 15.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,975 shares of the company’s stock worth $1,452,000 after purchasing an additional 7,124 shares during the last quarter. Wexford Capital LP bought a new stake in shares of A-Mark Precious Metals in the 4th quarter worth about $959,000. Squarepoint Ops LLC increased its position in shares of A-Mark Precious Metals by 33.2% in the 4th quarter. Squarepoint Ops LLC now owns 136,802 shares of the company’s stock worth $3,748,000 after purchasing an additional 34,094 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of A-Mark Precious Metals by 1.3% in the 4th quarter. Nuveen Asset Management LLC now owns 250,997 shares of the company’s stock worth $6,877,000 after purchasing an additional 3,178 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of A-Mark Precious Metals by 4.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,042 shares of the company’s stock worth $275,000 after purchasing an additional 456 shares during the last quarter. Institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Up 3.0 %

Shares of AMRK opened at $28.81 on Wednesday. The firm has a market cap of $663.18 million, a PE ratio of 14.05 and a beta of 0.07. The company’s fifty day moving average is $27.60 and its two-hundred day moving average is $32.82. A-Mark Precious Metals has a fifty-two week low of $25.01 and a fifty-two week high of $47.39. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate 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%. Analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals’s dividend payout ratio (DPR) is 39.02%.

About A-Mark Precious Metals

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.