A-Mark Precious Metals, Inc. (AMRK) PT Lowered to $17.50 at

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) had its price objective trimmed by from $19.00 to $17.50 in a research report released on Wednesday morning. The brokerage currently has a neutral rating on the stock.

Several other equities analysts also recently issued reports on AMRK. B. Riley reissued a neutral rating and set a $19.00 price objective on shares of A-Mark Precious Metals in a research note on Wednesday, September 13th. Zacks Investment Research raised shares of A-Mark Precious Metals from a sell rating to a hold rating in a research note on Tuesday, November 14th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $19.77.

A-Mark Precious Metals (NASDAQ:AMRK) opened at $15.64 on Wednesday. The stock has a market cap of $109.97, a P/E ratio of 19.24 and a beta of 0.05. A-Mark Precious Metals has a one year low of $14.75 and a one year high of $21.66.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Tuesday, September 12th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.10). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.81 billion. A-Mark Precious Metals had a net margin of 0.08% and a return on equity of 7.79%. analysts anticipate that A-Mark Precious Metals will post 1.3 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “A-Mark Precious Metals, Inc. (AMRK) PT Lowered to $17.50 at” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://sportsperspectives.com/2017/11/19/a-mark-precious-metals-inc-amrk-pt-lowered-to-17-50-at.html.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, November 22nd. A-Mark Precious Metals’s dividend payout ratio is currently 34.41%.

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 3,300 shares of the stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $16.37, for a total transaction of $54,021.00. Following the transaction, the chief executive officer now owns 26,056 shares of the company’s stock, valued at $426,536.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 7,600 shares of company stock worth $124,983. 38.80% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Shufro Rose & Co. LLC increased its position in shares of A-Mark Precious Metals by 2.7% in the third quarter. Shufro Rose & Co. LLC now owns 221,550 shares of the company’s stock worth $3,658,000 after acquiring an additional 5,800 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of A-Mark Precious Metals by 7.5% in the third quarter. Dimensional Fund Advisors LP now owns 290,043 shares of the company’s stock worth $4,789,000 after acquiring an additional 20,349 shares in the last quarter. Cove Street Capital LLC increased its position in shares of A-Mark Precious Metals by 3.9% in the second quarter. Cove Street Capital LLC now owns 64,390 shares of the company’s stock worth $1,055,000 after acquiring an additional 2,390 shares in the last quarter. Northern Trust Corp increased its position in shares of A-Mark Precious Metals by 5.9% in the second quarter. Northern Trust Corp now owns 34,386 shares of the company’s stock worth $564,000 after acquiring an additional 1,902 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of A-Mark Precious Metals by 1,110,000.0% in the second quarter. Wells Fargo & Company MN now owns 11,101 shares of the company’s stock worth $182,000 after acquiring an additional 11,100 shares in the last quarter. 19.85% of the stock is owned by institutional investors.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.

Receive News & Ratings for A-Mark Precious Metals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A-Mark Precious Metals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply