A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Average Recommendation of "Hold" from Brokerages

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) have earned a consensus recommendation of "Hold" from the five research firms that are presently covering the stock, Marketbeat.com 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 brokers that have issued ratings on the stock in the last year is $46.33.

Several analysts recently issued reports on the company. DA Davidson cut their target price on 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 upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. FMR LLC increased its stake in shares of A-Mark Precious Metals by 1,714.4% during the third quarter. FMR LLC now owns 1,209,801 shares of the company's stock valued at $53,425,000 after purchasing an additional 1,143,125 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in A-Mark Precious Metals during the third quarter valued at $11,741,000. Driehaus Capital Management LLC bought a new position in shares of A-Mark Precious Metals in the 2nd quarter worth approximately $5,702,000. Evergreen Capital Management LLC boosted its holdings in shares of A-Mark Precious Metals by 359.3% in the second quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company's stock worth $2,657,000 after buying an additional 64,221 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in A-Mark Precious Metals by 123.6% during the second quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company's stock valued at $3,014,000 after buying an additional 51,460 shares during the period. Institutional investors own 75.25% of the company's stock.

A-Mark Precious Metals Trading Up 1.6 %

A-Mark Precious Metals stock traded up $0.44 during trading hours on Friday, reaching $28.22. The stock had a trading volume of 151,366 shares, compared to its average volume of 214,283. The stock has a market cap of $654.25 million, a PE ratio of 12.01 and a beta of -0.06. The company has a fifty day simple moving average of $30.26 and a 200-day simple moving average of $35.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. A-Mark Precious Metals has a 52 week low of $24.22 and a 52 week high of $47.39.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.83%. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 34.04%.

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.