A-Mark Precious Metals (NASDAQ:AMRK) Reaches New 12-Month High at $45.37

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $45.37 and last traded at $45.07, with a volume of 46596 shares changing hands. The stock had previously closed at $44.13.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Friday, August 30th. DA Davidson increased their price target on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, September 5th. Maxim Group started coverage on A-Mark Precious Metals in a research note on Wednesday, May 22nd. They set a "buy" rating and a $63.00 price objective on the stock. Finally, B. Riley cut A-Mark Precious Metals from a "buy" rating to a "neutral" rating and set a $33.00 target price for the company. in a report on Wednesday, May 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $47.67.

A-Mark Precious Metals Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76. The company has a market capitalization of $1.05 billion, a P/E ratio of 14.08 and a beta of -0.05. The firm's fifty day moving average is $36.94 and its 200 day moving average is $35.22.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were issued a $0.20 dividend. The ex-dividend date was Thursday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 1.74%. A-Mark Precious Metals's payout ratio is 24.54%.

Institutional Trading of A-Mark Precious Metals

Several institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its holdings in shares of A-Mark Precious Metals by 99.6% in the first quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company's stock worth $1,047,000 after purchasing an additional 17,023 shares during the last quarter. GSA Capital Partners LLP bought a new position in A-Mark Precious Metals in the 1st quarter worth about $712,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of A-Mark Precious Metals during the fourth quarter worth approximately $714,000. Koss Olinger Consulting LLC bought a new stake in shares of A-Mark Precious Metals during the second quarter valued at approximately $535,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of A-Mark Precious Metals by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company's stock valued at $34,178,000 after acquiring an additional 106,842 shares in the last quarter. 75.25% of the stock is currently owned by 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.