Brokerages Set A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Target Price at $41.75

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have earned an average recommendation of “Hold” from the five analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $41.75.

A number of research analysts have issued reports on the stock. Northland Securities dropped their target price on shares of 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. DA Davidson reaffirmed a “buy” rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Finally, StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of A-Mark Precious Metals by 15.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,975 shares of the company’s stock worth $1,452,000 after purchasing an additional 7,124 shares in the last quarter. Wexford Capital LP purchased a new position in shares of A-Mark Precious Metals during the 4th quarter worth approximately $959,000. Squarepoint Ops LLC increased its stake in shares of A-Mark Precious Metals by 33.2% during the 4th quarter. Squarepoint Ops LLC now owns 136,802 shares of the company’s stock worth $3,748,000 after purchasing an additional 34,094 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of A-Mark Precious Metals by 1.3% during the 4th quarter. Nuveen Asset Management LLC now owns 250,997 shares of the company’s stock worth $6,877,000 after purchasing an additional 3,178 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of A-Mark Precious Metals by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,042 shares of the company’s stock worth $275,000 after purchasing an additional 456 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

A-Mark Precious Metals Trading Down 3.3 %

NASDAQ AMRK opened at $28.42 on Wednesday. The stock has a market capitalization of $654.20 million, a P/E ratio of 13.86 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 firm has a 50-day moving average price of $27.67 and a 200 day moving average price of $32.59. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34.

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

A-Mark Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.81%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 39.02%.

A-Mark Precious Metals Company Profile

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.