A-Mark Precious Metals (NASDAQ:AMRK) Stock Rating Lowered by Zacks Research

A-Mark Precious Metals (NASDAQ:AMRK) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other analysts have also recently commented on AMRK. Weiss Ratings reiterated a “hold (c)” rating on shares of A-Mark Precious Metals in a research note on Tuesday, October 14th. DA Davidson reiterated a “buy” rating and issued a $29.00 target price on shares of A-Mark Precious Metals in a research note on Wednesday, September 10th. Finally, Roth Capital upgraded A-Mark Precious Metals to a “strong-buy” rating in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $33.00.

A-Mark Precious Metals Stock Down 4.1%

AMRK stock opened at $26.01 on Monday. A-Mark Precious Metals has a twelve month low of $19.39 and a twelve month high of $31.64. The company has a market cap of $640.99 million, a price-to-earnings ratio of 92.89 and a beta of 0.34. The company has a quick ratio of 0.42, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $26.47 and a two-hundred day moving average price of $23.66.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.66). The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $2.67 billion. A-Mark Precious Metals had a net margin of 0.06% and a return on equity of 6.25%. Analysts anticipate that A-Mark Precious Metals will post 2.11 EPS for the current fiscal year.

Insider Activity

In other news, Director Moorhead John sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $26.97, for a total transaction of $70,122.00. Following the completion of the sale, the director owned 32,974 shares in the company, valued at $889,308.78. The trade was a 7.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 23.10% of the stock is currently owned by corporate insiders.

Institutional Trading of A-Mark Precious Metals

Hedge funds have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its position in A-Mark Precious Metals by 15,414.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,086 shares of the company’s stock worth $28,000 after buying an additional 1,079 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of A-Mark Precious Metals by 118.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,311 shares of the company’s stock valued at $29,000 after buying an additional 711 shares during the period. State of Alaska Department of Revenue acquired a new stake in A-Mark Precious Metals during the third quarter worth approximately $33,000. Jones Financial Companies Lllp acquired a new position in A-Mark Precious Metals in the 3rd quarter valued at $33,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of A-Mark Precious Metals by 624.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,143 shares of the company’s stock valued at $48,000 after acquiring an additional 1,847 shares during the period. 75.25% of the stock is owned by institutional investors and hedge funds.

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.