A-Mark Precious Metals (NASDAQ:AMRK) Price Target Cut to $35.00 by Analysts at DA Davidson

A-Mark Precious Metals (NASDAQ:AMRK) had its price objective lowered by DA Davidson from $43.00 to $35.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently commented on AMRK. Northland Securities cut their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a report on Friday. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, A-Mark Precious Metals has a consensus rating of “Hold” and an average target price of $41.75.

A-Mark Precious Metals Stock Performance

Shares of AMRK opened at $28.58 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. The firm has a market cap of $662.48 million, a PE ratio of 12.16 and a beta of -0.02. A-Mark Precious Metals has a 1 year low of $24.22 and a 1 year high of $47.39. The stock’s fifty day moving average price is $27.69 and its two-hundred day moving average price is $34.54.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 10.93%. On average, equities research analysts forecast that A-Mark Precious Metals will post 3.54 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Tuesday, January 14th. A-Mark Precious Metals’s dividend payout ratio (DPR) is 34.04%.

Hedge Funds Weigh In On A-Mark Precious Metals

Institutional investors have recently made changes to their positions in the stock. Hobbs Group Advisors LLC bought a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth $26,000. Strategic Investment Solutions Inc. IL bought a new position in A-Mark Precious Metals in the third quarter valued at $88,000. nVerses Capital LLC raised its position in A-Mark Precious Metals by 157.1% during the third quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $159,000 after purchasing an additional 2,200 shares in the last quarter. SG Americas Securities LLC lifted its position in A-Mark Precious Metals by 14.5% in the 4th quarter. SG Americas Securities LLC now owns 7,511 shares of the company’s stock worth $206,000 after buying an additional 949 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in A-Mark Precious Metals in the third quarter worth approximately $226,000. Institutional investors own 75.25% of the company’s stock.

About A-Mark Precious Metals

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.