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

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) announced a quarterly dividend on Friday, January 3rd,RTT News reports. Shareholders of record on Tuesday, January 14th will be given 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 2.83%.

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

A-Mark Precious Metals Trading Up 1.6 %

Shares of NASDAQ:AMRK opened at $28.22 on Friday. A-Mark Precious Metals has a 12-month low of $24.22 and a 12-month high of $47.39. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $654.25 million, a P/E ratio of 12.01 and a beta of -0.01. The firm has a fifty day moving average of $30.26 and a two-hundred day moving average of $35.64.

Analysts Set New Price Targets

A number of research analysts have commented on AMRK shares. DA Davidson lowered their target price on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, A-Mark Precious Metals presently has a consensus rating of “Hold” and an average price target of $46.33.

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.