A-Mark Precious Metals, Inc. (AMRK) PT Lowered to $17.50 at B. Riley
A-Mark Precious Metals, Inc. (NASDAQ:AMRK) had its price objective trimmed by B. Riley from $19.00 to $17.50 in a research note released on Wednesday morning. The brokerage currently has a neutral rating on the stock. B. Riley also issued estimates for A-Mark Precious Metals’ Q2 2018 earnings at ($0.12) EPS, Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $0.43 EPS and FY2019 earnings at $1.34 EPS.
Separately, Zacks Investment Research raised A-Mark Precious Metals from a sell rating to a hold rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $19.77.
Shares of A-Mark Precious Metals (NASDAQ:AMRK) traded up $0.62 during mid-day trading on Wednesday, hitting $15.64. The stock had a trading volume of 25,468 shares, compared to its average volume of 15,626. The firm has a market capitalization of $109.97, a P/E ratio of 19.24 and a beta of 0.05. A-Mark Precious Metals has a 1-year low of $14.75 and a 1-year high of $21.66.
A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Tuesday, September 12th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.10). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.81 billion. A-Mark Precious Metals had a return on equity of 7.79% and a net margin of 0.08%. equities research analysts forecast that A-Mark Precious Metals will post 1.3 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 24th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Wednesday, November 22nd. A-Mark Precious Metals’s payout ratio is 34.41%.
In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 3,300 shares of the company’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $16.37, for a total value of $54,021.00. Following the sale, the chief executive officer now directly owns 26,056 shares of the company’s stock, valued at $426,536.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 7,600 shares of company stock worth $124,983. 38.80% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Shufro Rose & Co. LLC boosted its holdings in A-Mark Precious Metals by 2.7% in the third quarter. Shufro Rose & Co. LLC now owns 221,550 shares of the company’s stock valued at $3,658,000 after purchasing an additional 5,800 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in A-Mark Precious Metals by 7.5% in the third quarter. Dimensional Fund Advisors LP now owns 290,043 shares of the company’s stock valued at $4,789,000 after purchasing an additional 20,349 shares during the last quarter. Cove Street Capital LLC boosted its holdings in A-Mark Precious Metals by 3.9% in the second quarter. Cove Street Capital LLC now owns 64,390 shares of the company’s stock valued at $1,055,000 after purchasing an additional 2,390 shares during the last quarter. Northern Trust Corp boosted its holdings in A-Mark Precious Metals by 5.9% in the second quarter. Northern Trust Corp now owns 34,386 shares of the company’s stock valued at $564,000 after purchasing an additional 1,902 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in A-Mark Precious Metals by 1,110,000.0% in the second quarter. Wells Fargo & Company MN now owns 11,101 shares of the company’s stock valued at $182,000 after purchasing an additional 11,100 shares during the last quarter. 19.85% of the stock is currently owned by institutional investors.
About A-Mark Precious Metals
A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.
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