A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) had its price objective cut by equities researchers at Northland Securities from $40.00 to $36.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Northland Securities' price objective indicates a potential upside of 23.77% from the stock's previous close.
AMRK has been the subject of a number of other reports. StockNews.com raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. DA Davidson dropped their target price on 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $41.75.
View Our Latest Stock Report on AMRK
A-Mark Precious Metals Stock Performance
AMRK traded up $0.02 during trading on Friday, hitting $29.09. 133,355 shares of the stock were exchanged, compared to its average volume of 248,266. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals has a 1-year low of $24.22 and a 1-year high of $47.39. The stock has a fifty day moving average price of $27.66 and a two-hundred day moving average price of $34.44. The firm has a market capitalization of $674.21 million, a P/E ratio of 14.23 and a beta of -0.02.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates 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%. As a group, sell-side analysts predict that A-Mark Precious Metals will post 3.54 earnings per share for the current year.
Institutional Investors Weigh In On A-Mark Precious Metals
A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in shares of 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 acquiring an additional 1,143,125 shares during the last quarter. Geode Capital Management LLC boosted 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 valued at $19,072,000 after purchasing an additional 22,087 shares during the last quarter. CWA Asset Management Group LLC grew its stake in shares of A-Mark Precious Metals by 38.6% during the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company's stock valued at $10,094,000 after buying an additional 102,524 shares during the period. Bank of New York Mellon Corp increased its holdings 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 worth $5,871,000 after buying an additional 65,014 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of A-Mark Precious Metals by 11.9% in the 4th quarter. Sei Investments Co. now owns 150,892 shares of the company's stock worth $4,134,000 after buying an additional 15,988 shares during the period. 75.25% of the stock is currently owned by hedge funds and other institutional investors.
About A-Mark Precious Metals
(
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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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