A-Mark Precious Metals, Inc. (NASDAQ:AMRK) had its target price decreased by research analysts at B. Riley from $19.00 to $17.50 in a report issued on Wednesday. The firm currently has a “neutral” rating on the stock. B. Riley’s target price indicates a potential upside of 15.13% from the company’s previous close.
Separately, Zacks Investment Research upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $20.90.
A-Mark Precious Metals (AMRK) opened at $15.20 on Wednesday. A-Mark Precious Metals has a 12-month low of $14.75 and a 12-month high of $21.66. The firm has a market capitalization of $106.95, a PE ratio of 15.36 and a beta of 0.06.
A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Tuesday, September 12th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.10). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.81 billion. A-Mark Precious Metals had a return on equity of 9.95% and a net margin of 0.10%. analysts expect that A-Mark Precious Metals will post 1.3 EPS for the current fiscal year.
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In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 3,300 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $16.54, for a total transaction of $54,582.00. Following the completion of the sale, the chief executive officer now directly owns 29,356 shares in the company, valued at $485,548.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 10,900 shares of company stock valued at $181,644 over the last 90 days. 38.80% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of A-Mark Precious Metals by 13.4% in the first quarter. JPMorgan Chase & Co. now owns 15,470 shares of the company’s stock valued at $264,000 after buying an additional 1,829 shares in the last quarter. Northern Trust Corp grew its stake in shares of A-Mark Precious Metals by 5.9% in the second quarter. Northern Trust Corp now owns 34,386 shares of the company’s stock valued at $564,000 after buying an additional 1,902 shares in the last quarter. Cove Street Capital LLC grew its stake in shares of A-Mark Precious Metals by 3.9% in the second quarter. Cove Street Capital LLC now owns 64,390 shares of the company’s stock valued at $1,055,000 after buying an additional 2,390 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of A-Mark Precious Metals by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 269,694 shares of the company’s stock valued at $4,434,000 after buying an additional 2,694 shares in the last quarter. Finally, Shufro Rose & Co. LLC grew its stake in shares of A-Mark Precious Metals by 2.7% in the third quarter. Shufro Rose & Co. LLC now owns 221,550 shares of the company’s stock valued at $3,658,000 after buying an additional 5,800 shares in the last quarter. Institutional investors and hedge funds own 19.85% of the company’s stock.
About A-Mark Precious Metals
A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.
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