A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Declares Quarterly Dividend of $0.20

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) announced a quarterly dividend on Friday, January 3rd,RTT News reports. Investors of record on Tuesday, January 14th will be paid a dividend of 0.20 per share on Tuesday, January 28th. This represents a $0.80 dividend on an annualized basis and a yield of 2.88%.

A-Mark Precious Metals has a dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings.

A-Mark Precious Metals Stock Up -0.1 %

Shares of A-Mark Precious Metals stock opened at $27.76 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. The business’s 50 day simple moving average is $30.48 and its 200 day simple moving average is $35.67. The firm has a market cap of $643.59 million, a PE ratio of 11.81 and a beta of -0.06. A-Mark Precious Metals has a 52-week low of $24.22 and a 52-week high of $47.39.

Wall Street Analysts Forecast Growth

AMRK has been the subject of a number of analyst reports. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. DA Davidson reduced their target price on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $46.33.

A-Mark Precious Metals Company Profile

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.