A-Mark Precious Metals (NASDAQ:AMRK) Rating Lowered to “Hold” at Zacks Research

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

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

A-Mark Precious Metals Trading Down 4.1%

Shares of AMRK opened at $26.01 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.42 and a current ratio of 1.37. A-Mark Precious Metals has a 52-week low of $19.39 and a 52-week high of $31.64. The firm has a market cap of $640.99 million, a price-to-earnings ratio of 92.89 and a beta of 0.34. The business’s fifty day moving average is $26.47 and its 200-day moving average is $23.66.

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

Insider Buying and Selling at A-Mark Precious Metals

In other news, Director Moorhead John sold 2,600 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 32,974 shares in the company, valued at $889,308.78. This trade represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 23.10% of the company’s stock.

Institutional Trading of A-Mark Precious Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in A-Mark Precious Metals by 16.6% during the 2nd quarter. American Century Companies Inc. now owns 1,461,989 shares of the company’s stock worth $32,427,000 after purchasing an additional 208,300 shares during the last quarter. Vanguard Group Inc. grew its holdings in A-Mark Precious Metals by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,184,715 shares of the company’s stock worth $30,649,000 after acquiring an additional 10,820 shares during the period. Invesco Ltd. lifted its stake in shares of A-Mark Precious Metals by 120.5% in the 1st quarter. Invesco Ltd. now owns 524,342 shares of the company’s stock valued at $13,303,000 after purchasing an additional 286,512 shares during the period. Geode Capital Management LLC grew its stake in A-Mark Precious Metals by 6.3% during the second quarter. Geode Capital Management LLC now owns 462,582 shares of the company’s stock worth $10,262,000 after purchasing an additional 27,551 shares during the period. Finally, Invenomic Capital Management LP acquired a new position in A-Mark Precious Metals in the first quarter valued at approximately $8,552,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

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.