A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.
Several other equities research analysts have also recently weighed in on the company. Maxim Group began coverage on A-Mark Precious Metals in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $63.00 price target for the company. DA Davidson raised their price target on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.67.
View Our Latest Report on AMRK
A-Mark Precious Metals Trading Down 4.5 %
Hedge Funds Weigh In On A-Mark Precious Metals
A number of institutional investors and hedge funds have recently modified their holdings of AMRK. Dimensional Fund Advisors LP lifted its position in shares of 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 during the period. Vanguard Group Inc. raised its holdings in shares of A-Mark Precious Metals by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,038,275 shares of the company’s stock valued at $31,865,000 after purchasing an additional 6,544 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of A-Mark Precious Metals by 17.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock worth $13,681,000 after purchasing an additional 67,452 shares in the last quarter. CWA Asset Management Group LLC grew its stake in shares of A-Mark Precious Metals by 1.3% in the 4th quarter. CWA Asset Management Group LLC now owns 424,079 shares of the company’s stock valued at $12,828,000 after buying an additional 5,437 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in A-Mark Precious Metals by 34.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company’s stock valued at $6,172,000 after buying an additional 51,531 shares in the last quarter. 75.25% of the stock is currently owned by institutional investors.
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.
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