A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives $46.33 Average Price Target from Brokerages

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) have earned a consensus rating of "Hold" from the five research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $46.33.

Several research firms have recently weighed in on AMRK. StockNews.com raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Monday. DA Davidson reduced their price target on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th.

A-Mark Precious Metals Trading Up 0.2 %

A-Mark Precious Metals stock traded up $0.05 during midday trading on Monday, reaching $28.80. The stock had a trading volume of 231,386 shares, compared to its average volume of 351,736. The stock's 50-day simple moving average is $35.95 and its 200 day simple moving average is $36.82. A-Mark Precious Metals has a twelve month low of $24.22 and a twelve month high of $47.39. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. The stock has a market capitalization of $667.58 million, a PE ratio of 12.26 and a beta of -0.06.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.78%. A-Mark Precious Metals's payout ratio is currently 34.04%.

Insider Buying and Selling

In other A-Mark Precious Metals news, CFO Kathleen Taylor-Simpson sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $43.98, for a total value of $1,099,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael R. Wittmeyer sold 10,975 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $43.30, for a total transaction of $475,217.50. Following the sale, the director now directly owns 292,535 shares of the company's stock, valued at $12,666,765.50. The trade was a 3.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,316 shares of company stock valued at $4,911,036. Corporate insiders own 48.64% of the company's stock.

Institutional Trading of A-Mark Precious Metals

Several institutional investors have recently added to or reduced their stakes in AMRK. Hobbs Group Advisors LLC bought a new position in A-Mark Precious Metals during the third quarter worth $26,000. Quarry LP raised its holdings in shares of A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company's stock worth $36,000 after purchasing an additional 539 shares during the period. nVerses Capital LLC bought a new position in shares of A-Mark Precious Metals in the 2nd quarter worth about $45,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of A-Mark Precious Metals in the 3rd quarter valued at about $88,000. Finally, Victory Capital Management Inc. bought a new stake in shares of A-Mark Precious Metals during the 3rd quarter valued at about $226,000. 75.25% of the stock is owned by institutional investors and hedge funds.

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.