A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Given Consensus Recommendation of "Hold" by Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) has been given an average rating of "Hold" by the five ratings firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $46.67.

A number of brokerages recently issued reports on AMRK. B. Riley lowered A-Mark Precious Metals from a "buy" rating to a "neutral" rating and set a $33.00 price target for the company. in a report on Wednesday, May 15th. Northland Securities cut A-Mark Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, May 8th. Northland Capmk lowered A-Mark Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 8th. StockNews.com upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Friday. Finally, Maxim Group assumed coverage on shares of A-Mark Precious Metals in a report on Wednesday, May 22nd. They set a "buy" rating and a $63.00 target price on the stock.

A-Mark Precious Metals Trading Up 9.1 %

AMRK stock traded up $3.26 during midday trading on Friday, reaching $38.97. The company's stock had a trading volume of 1,012,890 shares, compared to its average volume of 363,098. A-Mark Precious Metals has a 1 year low of $23.14 and a 1 year high of $42.48. The firm has a market capitalization of $890.66 million, a price-to-earnings ratio of 11.95 and a beta of -0.06. The stock has a fifty day simple moving average of $35.45 and a two-hundred day simple moving average of $34.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 18th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Thursday, July 18th. A-Mark Precious Metals's dividend payout ratio (DPR) is currently 24.54%.

Institutional Trading of A-Mark Precious Metals

A number of institutional investors have recently modified their holdings of AMRK. New York State Common Retirement Fund boosted its position in shares of A-Mark Precious Metals by 49.2% in the 4th quarter. New York State Common Retirement Fund now owns 10,368 shares of the company's stock worth $314,000 after purchasing an additional 3,417 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in A-Mark Precious Metals by 17.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company's stock worth $13,681,000 after acquiring an additional 67,452 shares in the last quarter. Jump Financial LLC grew its stake in shares of A-Mark Precious Metals by 22.8% during the fourth quarter. Jump Financial LLC now owns 38,600 shares of the company's stock worth $1,168,000 after acquiring an additional 7,169 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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. Finally, Matisse Capital purchased a new position in shares of A-Mark Precious Metals in the 4th quarter valued at approximately $302,000. 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.