A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives $41.75 Consensus Target Price from Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five research firms that are currently covering the stock, Marketbeat Ratings 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 brokerages that have covered the stock in the last year is $41.75.

A number of analysts have issued reports on the company. DA Davidson reaffirmed a "buy" rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th. Northland Securities lowered their price target 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 upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Thursday, December 19th.

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hobbs Group Advisors LLC purchased a new position in A-Mark Precious Metals during the 3rd quarter valued at about $26,000. Coppell Advisory Solutions LLC boosted its holdings in A-Mark Precious Metals by 72.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company's stock valued at $53,000 after acquiring an additional 806 shares during the period. Farther Finance Advisors LLC boosted its holdings in A-Mark Precious Metals by 446.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company's stock valued at $62,000 after acquiring an additional 1,840 shares during the period. Victory Capital Management Inc. purchased a new position in shares of A-Mark Precious Metals in the 3rd quarter valued at about $226,000. Finally, Intech Investment Management LLC acquired a new position in shares of A-Mark Precious Metals during the third quarter worth about $251,000. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

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A-Mark Precious Metals Price Performance

NASDAQ AMRK traded down $0.96 during mid-day trading on Wednesday, hitting $28.42. The stock had a trading volume of 759,291 shares, compared to its average volume of 346,531. A-Mark Precious Metals has a twelve month low of $25.01 and a twelve month high of $47.39. The stock has a market capitalization of $654.20 million, a price-to-earnings ratio of 13.86 and a beta of 0.07. The firm's 50 day moving average is $27.67 and its 200 day moving average is $32.70. 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 issued its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Equities research analysts forecast that A-Mark Precious Metals will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Tuesday, January 14th. A-Mark Precious Metals's dividend payout ratio (DPR) is 39.02%.

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.