Gold.com Inc. (NYSE:GOLD) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Gold.com Inc. (NYSE:GOLD) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $59.75.

GOLD has been the subject of a number of research analyst reports. Zacks Research cut shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. DA Davidson reiterated a “buy” rating and issued a $60.00 target price on shares of Gold.com in a research report on Tuesday, April 28th. Roth Capital set a $52.00 target price on shares of Gold.com in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Finally, Canaccord Genuity Group began coverage on shares of Gold.com in a research note on Tuesday, June 9th. They issued a “buy” rating and a $70.00 price target on the stock.

Gold.com Price Performance

Shares of GOLD stock opened at $41.31 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. The firm has a market cap of $1.20 billion, a P/E ratio of 14.15 and a beta of 0.55. The stock’s 50 day simple moving average is $42.26. Gold.com has a 1-year low of $20.55 and a 1-year high of $66.70.

Gold.com (NYSE:GOLD) last released its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $1.62. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. The firm had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Analysts anticipate that Gold.com will post 5.31 earnings per share for the current fiscal year.

Gold.com Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Gold.com’s dividend payout ratio is presently 27.40%.

Gold.com declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 8th that permits the company to buyback 2,000,000,000,000 shares. This buyback authorization permits the company to buy up to 7.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Gold.com

In other Gold.com news, CEO Gregory N. Roberts sold 40,000 shares of Gold.com stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total transaction of $1,663,200.00. Following the sale, the chief executive officer owned 28,202 shares of the company’s stock, valued at $1,172,639.16. The trade was a 58.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Tether Global Investments Fund bought 530,338 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average cost of $44.50 per share, with a total value of $23,600,041.00. Following the acquisition, the insider directly owned 3,370,787 shares of the company’s stock, valued at approximately $150,000,021.50. This represents a 18.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 730,338 shares of company stock worth $31,842,096. Company insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On Gold.com

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP purchased a new stake in Gold.com during the 4th quarter valued at about $40,273,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Gold.com in the fourth quarter valued at approximately $32,408,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Gold.com in the fourth quarter valued at approximately $17,971,000. Geode Capital Management LLC acquired a new stake in shares of Gold.com in the fourth quarter valued at approximately $15,790,000. Finally, State Street Corp purchased a new position in Gold.com during the fourth quarter worth approximately $15,019,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

About Gold.com

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.