A-Mark Precious Metals (NASDAQ:AMRK) Price Target Cut to $34.00 by Analysts at B. Riley

A-Mark Precious Metals (NASDAQ:AMRK) had its target price lowered by B. Riley from $37.00 to $34.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also commented on AMRK. DA Davidson reissued a “buy” rating and set a $35.00 price target on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Northland Securities dropped their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.00.

A-Mark Precious Metals Stock Down 1.1 %

NASDAQ:AMRK opened at $24.09 on Tuesday. The stock has a 50-day simple moving average of $25.62 and a 200 day simple moving average of $28.83. A-Mark Precious Metals has a one year low of $20.60 and a one year high of $47.39. The company has a market capitalization of $554.53 million, a price-to-earnings ratio of 11.75 and a beta of 0.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. Sell-side analysts predict that A-Mark Precious Metals will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Tuesday, April 15th. A-Mark Precious Metals’s payout ratio is 39.02%.

Institutional Investors Weigh In On A-Mark Precious Metals

Hedge funds have recently modified their holdings of the stock. Proficio Capital Partners LLC acquired a new stake in A-Mark Precious Metals during the 4th quarter worth about $338,000. CWA Asset Management Group LLC increased its position in shares of A-Mark Precious Metals by 38.6% in the fourth quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock worth $10,094,000 after acquiring an additional 102,524 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of A-Mark Precious Metals in the 4th quarter valued at approximately $1,473,000. ExodusPoint Capital Management LP boosted its stake in A-Mark Precious Metals by 271.5% in the 4th quarter. ExodusPoint Capital Management LP now owns 69,207 shares of the company’s stock worth $1,896,000 after purchasing an additional 50,580 shares during the period. Finally, Bank of New York Mellon Corp grew its position in A-Mark Precious Metals by 43.6% during the 4th quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company’s stock worth $5,871,000 after purchasing an additional 65,014 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

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.