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

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) has earned a consensus rating of "Hold" from the five brokerages that are presently covering the company, 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 brokerages that have covered the stock in the last year is $41.75.

Several research firms have issued reports on AMRK. Northland Securities dropped their target price on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. DA Davidson reissued a "buy" rating and set a $35.00 price objective on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. 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 Stock Performance

AMRK traded down $0.27 during trading hours on Friday, hitting $23.57. The stock had a trading volume of 213,872 shares, compared to its average volume of 326,919. The stock has a market cap of $542.56 million, a PE ratio of 11.50 and a beta of 0.41. A-Mark Precious Metals has a 1 year low of $20.60 and a 1 year high of $47.39. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. The company's fifty day simple moving average is $26.19 and its 200 day simple moving average is $29.94.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate 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 analysts anticipate that A-Mark Precious Metals will post 2.11 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.39%. A-Mark Precious Metals's payout ratio is currently 39.02%.

Institutional Investors Weigh In On A-Mark Precious Metals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of A-Mark Precious Metals by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,792 shares of the company's stock worth $19,072,000 after buying an additional 22,087 shares during the last quarter. Barclays PLC raised its position in A-Mark Precious Metals by 349.0% during the third quarter. Barclays PLC now owns 28,536 shares of the company's stock valued at $1,259,000 after purchasing an additional 22,181 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in A-Mark Precious Metals during the fourth quarter worth about $338,000. CWA Asset Management Group LLC boosted its holdings in shares of A-Mark Precious Metals by 38.6% in the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company's stock worth $10,094,000 after purchasing an additional 102,524 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of A-Mark Precious Metals during the 4th quarter valued at about $1,473,000. 75.25% of the stock is owned by hedge funds and other institutional investors.

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.