A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Given Consensus Recommendation of "Hold" by Brokerages

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) has earned a consensus rating of "Hold" from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment 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 brokers that have updated their coverage on the stock in the last year is $41.75.

AMRK has been the subject of a number of recent analyst reports. DA Davidson reduced their target price on A-Mark Precious Metals from $43.00 to $35.00 and set a "buy" rating for the company in a report on Friday, February 7th. Northland Securities reduced their target price on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a report on Friday, February 7th. Finally, StockNews.com raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Thursday, December 19th.

A-Mark Precious Metals Price Performance

A-Mark Precious Metals stock opened at $26.80 on Friday. A-Mark Precious Metals has a one year low of $24.22 and a one year high of $47.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. The business has a fifty day moving average of $27.47 and a two-hundred day moving average of $33.91. The company has a market cap of $616.82 million, a P/E ratio of 13.07 and a beta of -0.02.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing analysts' consensus estimates 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%. As a group, analysts predict that A-Mark Precious Metals will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals's dividend payout ratio is currently 39.02%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC purchased a new stake in A-Mark Precious Metals during the 3rd quarter worth about $234,000. Strategic Investment Solutions Inc. IL purchased a new stake in A-Mark Precious Metals during the 3rd quarter worth about $88,000. CWA Asset Management Group LLC purchased a new stake in A-Mark Precious Metals during the 3rd quarter worth about $11,741,000. Nations Financial Group Inc. IA ADV increased its position in A-Mark Precious Metals by 44.5% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 55,020 shares of the company's stock worth $2,430,000 after purchasing an additional 16,935 shares in the last quarter. Finally, Aigen Investment Management LP increased its position in A-Mark Precious Metals by 20.8% during the 3rd quarter. Aigen Investment Management LP now owns 9,395 shares of the company's stock worth $415,000 after purchasing an additional 1,615 shares in the last quarter. Hedge funds and other institutional investors 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.

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