A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) declared a quarterly dividend on Friday, April 4th, RTT News reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.20 per share on Tuesday, April 29th. This represents a $0.80 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Tuesday, April 15th.
A-Mark Precious Metals has a payout ratio of 26.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect A-Mark Precious Metals to earn $2.59 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 30.9%.
A-Mark Precious Metals Trading Down 5.4 %
A-Mark Precious Metals stock traded down $1.20 during trading hours on Monday, reaching $21.08. The stock had a trading volume of 481,423 shares, compared to its average volume of 350,559. The company has a fifty day simple moving average of $27.38 and a 200-day simple moving average of $31.30. A-Mark Precious Metals has a 52 week low of $20.85 and a 52 week high of $47.39. The stock has a market cap of $485.24 million, a PE ratio of 10.28 and a beta of 0.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. Analysts forecast that A-Mark Precious Metals will post 2.11 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on AMRK shares. Northland Securities cut 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. DA Davidson reissued a "buy" rating and issued a $35.00 price target on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th. Finally, StockNews.com raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $41.75.
View Our Latest Research Report on A-Mark Precious Metals
About A-Mark Precious Metals
(
Get Free Report)
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.
Recommended Stories
Before you consider A-Mark Precious Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and A-Mark Precious Metals wasn't on the list.
While A-Mark Precious Metals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
