A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Consensus Rating of "Hold" from Analysts

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) have received a consensus recommendation of "Hold" from the five research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $46.33.

A number of brokerages have recently issued reports on AMRK. DA Davidson cut their target price on A-Mark Precious Metals from $52.00 to $43.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. StockNews.com upgraded shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Thursday, December 19th.

A-Mark Precious Metals Stock Performance

Shares of A-Mark Precious Metals stock traded down $0.06 on Tuesday, reaching $28.17. 223,652 shares of the stock were exchanged, compared to its average volume of 186,157. The firm has a market capitalization of $652.98 million, a PE ratio of 11.99 and a beta of -0.01. A-Mark Precious Metals has a 1-year low of $24.22 and a 1-year high of $47.39. The business has a fifty day moving average price of $27.95 and a two-hundred day moving average price of $34.89. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals's dividend payout ratio (DPR) is 34.04%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AMRK. Bard Associates Inc. increased its holdings in A-Mark Precious Metals by 0.4% during the 3rd quarter. Bard Associates Inc. now owns 93,411 shares of the company's stock valued at $4,125,000 after acquiring an additional 396 shares in the last quarter. Quarry LP increased its stake in shares of A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company's stock worth $36,000 after purchasing an additional 539 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of A-Mark Precious Metals during the 3rd quarter worth approximately $26,000. Rhumbline Advisers lifted its stake in A-Mark Precious Metals by 2.1% in the 4th quarter. Rhumbline Advisers now owns 29,814 shares of the company's stock valued at $817,000 after buying an additional 621 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in A-Mark Precious Metals by 4.6% during the 4th quarter. Empowered Funds LLC now owns 17,640 shares of the company's stock valued at $483,000 after buying an additional 782 shares during the last quarter. Institutional investors and hedge funds 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.