A-Mark Precious Metals (NASDAQ:AMRK) PT Raised to $47.00 at DA Davidson

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) had its price objective raised by stock analysts at DA Davidson from $42.00 to $47.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's price objective would suggest a potential upside of 7.97% from the company's current price.

A number of other research analysts have also recently weighed in on AMRK. Maxim Group started coverage on shares of A-Mark Precious Metals in a report on Wednesday, May 22nd. They issued a "buy" rating and a $63.00 price objective for the company. Northland Securities cut shares of A-Mark Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Wednesday, May 8th. B. Riley cut shares of A-Mark Precious Metals from a "buy" rating to a "neutral" rating and set a $33.00 target price for the company. in a research note on Wednesday, May 15th. 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. Finally, Northland Capmk cut shares of A-Mark Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $47.67.

A-Mark Precious Metals Stock Performance

AMRK traded up $3.21 on Thursday, reaching $43.53. The stock had a trading volume of 720,811 shares, compared to its average volume of 367,932. A-Mark Precious Metals has a 12-month low of $23.14 and a 12-month high of $43.66. The company has a current ratio of 1.76, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The business's 50-day moving average price is $35.82 and its two-hundred day moving average price is $34.57. The company has a market cap of $994.88 million, a P/E ratio of 13.35 and a beta of -0.06.

Institutional Trading of A-Mark Precious Metals

Several large investors have recently bought and sold shares of AMRK. Driehaus Capital Management LLC purchased a new stake in A-Mark Precious Metals during the 2nd quarter valued at about $5,702,000. Dimensional Fund Advisors LP grew its stake in A-Mark Precious Metals by 10.4% during the 4th 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. B. Riley Wealth Advisors Inc. grew its stake in A-Mark Precious Metals by 164.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company's stock valued at $3,326,000 after acquiring an additional 68,320 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in A-Mark Precious Metals by 17.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company's stock valued at $13,681,000 after purchasing an additional 67,452 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in A-Mark Precious Metals by 359.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company's stock valued at $2,657,000 after purchasing an additional 64,221 shares during the last quarter. 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.