A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) shares traded down 2.9% during trading on Monday . The company traded as low as $23.07 and last traded at $23.14. 39,215 shares were traded during mid-day trading, a decline of 88% from the average session volume of 332,289 shares. The stock had previously closed at $23.82.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on AMRK shares. DA Davidson reissued a "buy" rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Northland Securities lowered their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $41.75.
Read Our Latest Stock Report on AMRK
A-Mark Precious Metals Stock Performance
The company has a fifty day moving average price of $26.09 and a two-hundred day moving average price of $29.80. The firm has a market cap of $542.56 million, a price-to-earnings ratio of 11.50 and a beta of 0.41. 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 announced its quarterly earnings data 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 9.29% and a net margin of 0.46%. As a group, equities research analysts expect that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.
A-Mark Precious Metals Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.39%. A-Mark Precious Metals's dividend payout ratio (DPR) is 39.02%.
Institutional Trading of A-Mark Precious Metals
Several institutional investors and hedge funds have recently bought and sold shares of AMRK. Ameriprise Financial Inc. purchased a new position in shares of A-Mark Precious Metals in the fourth quarter worth approximately $5,059,000. CWA Asset Management Group LLC grew its position in 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 worth $10,094,000 after purchasing an additional 102,524 shares in the last quarter. Invesco Ltd. raised its stake in A-Mark Precious Metals by 47.2% during the 4th quarter. Invesco Ltd. now owns 237,830 shares of the company's stock valued at $6,517,000 after purchasing an additional 76,301 shares during the period. Evergreen Capital Management LLC lifted its stake in A-Mark Precious Metals by 92.6% in the 4th quarter. Evergreen Capital Management LLC now owns 157,033 shares of the company's stock worth $4,303,000 after acquiring an additional 75,486 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of A-Mark Precious Metals by 43.6% in the fourth quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company's stock worth $5,871,000 after purchasing an additional 65,014 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company's stock.
A-Mark Precious Metals Company Profile
(
Get Free Report)
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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