ValuEngine cut shares of A-Mark Precious Metals (NASDAQ:AMRK) from a buy rating to a hold rating in a report issued on Wednesday.

A number of other research analysts have also issued reports on AMRK. B. Riley reiterated a neutral rating and issued a $16.50 price objective (up previously from $16.00) on shares of A-Mark Precious Metals in a report on Monday, September 17th. Zacks Investment Research lowered shares of A-Mark Precious Metals from a hold rating to a sell rating in a report on Friday, September 21st. Finally, TheStreet lowered shares of A-Mark Precious Metals from a c rating to a d+ rating in a report on Monday, September 24th.

AMRK opened at $11.64 on Wednesday. A-Mark Precious Metals has a 1-year low of $10.39 and a 1-year high of $14.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 1.23. The company has a market capitalization of $84.72 million, a PE ratio of -194.00 and a beta of 0.10.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.13. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.72 billion. A-Mark Precious Metals had a negative net margin of 0.03% and a positive return on equity of 0.79%. On average, analysts expect that A-Mark Precious Metals will post 0.64 earnings per share for the current year.

In related news, President Thor Gjerdrum sold 4,070 shares of A-Mark Precious Metals stock in a transaction on Friday, November 30th. The shares were sold at an average price of $12.08, for a total value of $49,165.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder William A. Richardson purchased 8,900 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, October 15th. The stock was acquired at an average cost of $12.50 per share, with a total value of $111,250.00. Following the transaction, the insider now owns 265,088 shares in the company, valued at approximately $3,313,600. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 6,570 shares of company stock valued at $79,101. Insiders own 39.50% of the company’s stock.

A hedge fund recently raised its stake in A-Mark Precious Metals stock. Dimensional Fund Advisors LP boosted its holdings in A-Mark Precious Metals Inc (NASDAQ:AMRK) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 317,884 shares of the company’s stock after purchasing an additional 4,805 shares during the quarter. Dimensional Fund Advisors LP owned about 4.52% of A-Mark Precious Metals worth $4,221,000 at the end of the most recent quarter. 19.81% of the stock is owned by hedge funds and other institutional investors.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company worldwide. The company offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints.

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