A-Mark Precious Metals (NASDAQ:AMRK) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a sell rating to a hold rating in a research report report published on Thursday.

Separately, DA Davidson decreased their target price on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, A-Mark Precious Metals currently has a consensus rating of “Hold” and an average target price of $46.33.

A-Mark Precious Metals Stock Down 3.7 %

NASDAQ AMRK opened at $26.05 on Thursday. The stock’s 50 day simple moving average is $33.52 and its 200 day simple moving average is $36.26. A-Mark Precious Metals has a one year low of $24.22 and a one year high of $47.39. The firm has a market cap of $603.94 million, a PE ratio of 11.09 and a beta of -0.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.07%. The ex-dividend date was Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 34.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bard Associates Inc. lifted its stake in shares of A-Mark Precious Metals by 0.4% during the third quarter. Bard Associates Inc. now owns 93,411 shares of the company’s stock valued at $4,125,000 after acquiring an additional 396 shares during the period. Quarry LP raised its holdings in A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares during the last quarter. Hobbs Group Advisors LLC bought a new position in shares of A-Mark Precious Metals in the 3rd quarter valued at about $26,000. Empowered Funds LLC boosted its stake in shares of A-Mark Precious Metals by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 16,858 shares of the company’s stock valued at $744,000 after purchasing an additional 804 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of A-Mark Precious Metals by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 36,396 shares of the company’s stock worth $1,178,000 after buying an additional 1,222 shares during the period. 75.25% of the stock is currently owned by institutional investors.

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.