A-Mark Precious Metals (NASDAQ:AMRK) Price Target Lowered to $35.00 at DA Davidson

A-Mark Precious Metals (NASDAQ:AMRK - Free Report) had its target price cut by DA Davidson from $43.00 to $35.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. StockNews.com upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Northland Securities decreased 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $41.75.

A-Mark Precious Metals Stock Down 1.2 %

Shares of NASDAQ AMRK traded down $0.34 during midday trading on Friday, hitting $28.73. 240,641 shares of the stock traded hands, compared to its average volume of 252,402. The company has a market cap of $665.96 million, a PE ratio of 14.01 and a beta of -0.02. A-Mark Precious Metals has a one year low of $24.22 and a one year high of $47.39. The business has a 50 day moving average price of $27.64 and a two-hundred day moving average price of $34.39. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.39% and a net margin of 0.46%. On average, equities analysts predict that A-Mark Precious Metals will post 3.54 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 annualized dividend and a yield of 2.78%. A-Mark Precious Metals's dividend payout ratio is currently 39.02%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AMRK. FMR LLC boosted its position in A-Mark Precious Metals by 1,714.4% in the third quarter. FMR LLC now owns 1,209,801 shares of the company's stock worth $53,425,000 after purchasing an additional 1,143,125 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of A-Mark Precious Metals during the 3rd quarter valued at $11,741,000. Bank of New York Mellon Corp lifted its position in shares of A-Mark Precious Metals by 43.6% during the 4th quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company's stock valued at $5,871,000 after buying an additional 65,014 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of A-Mark Precious Metals during the 4th quarter valued at $1,473,000. Finally, Algert Global LLC purchased a new position in shares of A-Mark Precious Metals during the 3rd quarter valued at $2,029,000. 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.