A-Mark Precious Metals (NASDAQ:AMRK) Price Target Increased to $52.00 by Analysts at DA Davidson

A-Mark Precious Metals (NASDAQ:AMRK) had its price target raised by investment analysts at DA Davidson from $47.00 to $52.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price target would indicate a potential upside of 17.04% from the stock’s current price.

Separately, StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, A-Mark Precious Metals has a consensus rating of “Hold” and an average price target of $49.33.

A-Mark Precious Metals Price Performance

Shares of A-Mark Precious Metals stock opened at $44.43 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 1.63. The firm’s 50-day simple moving average is $39.24 and its 200-day simple moving average is $36.83. A-Mark Precious Metals has a twelve month low of $23.14 and a twelve month high of $47.39. The firm has a market cap of $1.02 billion, a P/E ratio of 13.63 and a beta of -0.05.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.64 billion. A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. As a group, research analysts expect that A-Mark Precious Metals will post 4.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 10,975 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $43.30, for a total value of $475,217.50. Following the completion of the transaction, the director now directly owns 292,535 shares of the company’s stock, valued at $12,666,765.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Michael R. Wittmeyer sold 10,975 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $43.30, for a total transaction of $475,217.50. Following the completion of the sale, the director now directly owns 292,535 shares of the company’s stock, valued at $12,666,765.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael R. Wittmeyer sold 25,841 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total transaction of $1,146,048.35. Following the sale, the director now directly owns 292,535 shares of the company’s stock, valued at $12,973,927.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,316 shares of company stock valued at $4,911,036. Insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of institutional investors and hedge funds have recently modified their holdings of AMRK. Quarry LP increased its stake in A-Mark Precious Metals by 94.1% in the second quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after purchasing an additional 539 shares in the last quarter. nVerses Capital LLC bought a new stake in A-Mark Precious Metals in the second quarter valued at approximately $45,000. Capstone Investment Advisors LLC bought a new stake in A-Mark Precious Metals in the fourth quarter valued at approximately $220,000. Quantbot Technologies LP increased its stake in A-Mark Precious Metals by 192.5% in the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after purchasing an additional 4,895 shares in the last quarter. Finally, Riverwater Partners LLC increased its stake in A-Mark Precious Metals by 10.6% in the second quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock valued at $299,000 after purchasing an additional 881 shares in the last quarter. 75.25% of the stock is 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.