A-Mark Precious Metals (NASDAQ:AMRK) Price Target Raised to $120.00 at Northland Securities
A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) had its price objective boosted by research analysts at Northland Securities from $110.00 to $120.00 in a note issued to investors on Wednesday, The Fly reports. Northland Securities’ price objective would suggest a potential upside of 62.62% from the company’s current price.
A number of other equities analysts have also recently weighed in on the stock. StockNews.com began coverage on shares of A-Mark Precious Metals in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised shares of A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating and set a $76.00 price target on the stock in a research report on Tuesday, May 10th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $89.25.
AMRK stock traded up $3.21 during midday trading on Wednesday, reaching $73.79. The company’s stock had a trading volume of 435 shares, compared to its average volume of 114,601. A-Mark Precious Metals has a 52 week low of $42.20 and a 52 week high of $89.19. The stock has a market capitalization of $849.62 million, a PE ratio of 6.03 and a beta of -0.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.46 and a current ratio of 1.43. The stock’s 50-day moving average price is $75.39.
A-Mark Precious Metals shares are set to split on Tuesday, June 7th. The 2-1 split was announced on Tuesday, June 7th. The newly created shares will be issued to shareholders after the closing bell on Tuesday, June 7th.
A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $1.10. A-Mark Precious Metals had a net margin of 1.77% and a return on equity of 41.21%. During the same quarter in the previous year, the business earned $8.84 EPS. Analysts predict that A-Mark Precious Metals will post 10.43 earnings per share for the current year.
In other A-Mark Precious Metals news, Director Jeffrey D. Benjamin sold 16,341 shares of A-Mark Precious Metals stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $73.15, for a total value of $1,195,344.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Beverley Lepine sold 500 shares of A-Mark Precious Metals stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $73.54, for a total transaction of $36,770.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,233 shares of company stock worth $2,975,497. 25.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Keeley Teton Advisors LLC increased its stake in A-Mark Precious Metals by 3.4% in the 1st quarter. Keeley Teton Advisors LLC now owns 6,000 shares of the company’s stock valued at $464,000 after buying an additional 200 shares during the last quarter. Quantbot Technologies LP increased its stake in A-Mark Precious Metals by 7,997.0% in the 1st quarter. Quantbot Technologies LP now owns 8,097 shares of the company’s stock valued at $626,000 after buying an additional 7,997 shares during the last quarter. Royal Bank of Canada increased its stake in A-Mark Precious Metals by 892.9% in the 1st quarter. Royal Bank of Canada now owns 20,016 shares of the company’s stock valued at $1,548,000 after buying an additional 18,000 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in A-Mark Precious Metals by 214.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 80,078 shares of the company’s stock valued at $6,193,000 after buying an additional 54,647 shares during the last quarter. Finally, G2 Investment Partners Management LLC acquired a new stake in A-Mark Precious Metals in the 1st quarter valued at $6,357,000. Hedge funds and other institutional investors own 43.08% of the company’s stock.
A-Mark Precious Metals Company Profile (Get Rating)
A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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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