A-Mark Precious Metals (NASDAQ:AMRK) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a sell rating to a hold rating in a research report report published on Thursday.

Separately, DA Davidson decreased their target price on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, A-Mark Precious Metals has an average rating of “Hold” and an average price target of $46.33.

A-Mark Precious Metals Trading Down 1.0 %

A-Mark Precious Metals stock opened at $25.79 on Thursday. A-Mark Precious Metals has a 12 month low of $24.22 and a 12 month high of $47.39. The stock has a market cap of $597.92 million, a price-to-earnings ratio of 10.97 and a beta of -0.06. The business has a 50 day moving average price of $33.19 and a two-hundred day moving average price of $36.18. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio is currently 34.04%.

Institutional Trading of A-Mark Precious Metals

Several large investors have recently added to or reduced their stakes in the company. Bard Associates Inc. boosted its holdings in shares of A-Mark Precious Metals by 0.4% in the 3rd quarter. Bard Associates Inc. now owns 93,411 shares of the company’s stock worth $4,125,000 after acquiring an additional 396 shares in the last quarter. Quarry LP boosted 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 worth $36,000 after purchasing an additional 539 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in A-Mark Precious Metals in the third quarter worth $26,000. Empowered Funds LLC grew its holdings in shares of A-Mark Precious Metals by 5.0% during the third quarter. Empowered Funds LLC now owns 16,858 shares of the company’s stock worth $744,000 after purchasing an additional 804 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of A-Mark Precious Metals by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 36,396 shares of the company’s stock valued at $1,178,000 after buying an additional 1,222 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.