A-Mark Precious Metals (NASDAQ:AMRK) Issues Quarterly Earnings Results

A-Mark Precious Metals (NASDAQ:AMRK) released its earnings results on Thursday. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10), Zacks reports. A-Mark Precious Metals had a return on equity of 10.93% and a net margin of 0.57%.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ AMRK traded up $0.59 during trading on Thursday, reaching $28.30. 414,510 shares of the company traded hands, compared to its average volume of 227,075. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The firm has a 50 day simple moving average of $27.73 and a 200-day simple moving average of $34.58. A-Mark Precious Metals has a 52-week low of $24.22 and a 52-week high of $47.39. The stock has a market capitalization of $656.11 million, a PE ratio of 12.04 and a beta of -0.02.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals’s dividend payout ratio is currently 34.04%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMRK. DA Davidson dropped their price target on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.33.

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.