DA Davidson Reaffirms Buy Rating for A-Mark Precious Metals (NASDAQ:AMRK)

A-Mark Precious Metals (NASDAQ:AMRK)‘s stock had its “buy” rating reaffirmed by investment analysts at DA Davidson in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $35.00 price objective on the stock. DA Davidson’s target price suggests a potential upside of 27.69% from the company’s previous close.

Other research analysts have also issued research reports about the stock. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Northland Securities decreased their price objective on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, A-Mark Precious Metals currently has an average rating of “Hold” and a consensus target price of $41.75.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ AMRK traded down $0.03 during trading hours on Tuesday, reaching $27.41. 31,691 shares of the stock were exchanged, compared to its average volume of 342,984. The stock’s fifty day simple moving average is $27.60 and its 200 day simple moving average is $33.21. The firm has a market capitalization of $630.97 million, a price-to-earnings ratio of 13.41 and a beta of 0.07. A-Mark Precious Metals has a 52 week low of $25.01 and a 52 week high of $47.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58.

A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. Sell-side analysts predict that A-Mark Precious Metals will post 2.11 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bard Associates Inc. boosted its stake in A-Mark Precious Metals by 0.4% during the third 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of A-Mark Precious Metals by 4.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,042 shares of the company’s stock valued at $275,000 after buying an additional 456 shares during the period. Hobbs Group Advisors LLC acquired a new stake in shares of A-Mark Precious Metals in the 3rd quarter valued at about $26,000. Rhumbline Advisers increased its position in A-Mark Precious Metals by 2.1% in the 4th quarter. Rhumbline Advisers now owns 29,814 shares of the company’s stock valued at $817,000 after buying an additional 621 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in A-Mark Precious Metals by 4.6% during the 4th quarter. Empowered Funds LLC now owns 17,640 shares of the company’s stock worth $483,000 after buying an additional 782 shares during the period. 75.25% of the stock is owned by institutional investors and hedge funds.

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.