Gold.com Inc. (NYSE:GOLD – Get Free Report) CEO Gregory Roberts sold 40,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total value 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. This trade represents a 58.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Gold.com Price Performance
Shares of NYSE:GOLD traded down $1.52 on Friday, reaching $39.04. 290,311 shares of the company traded hands, compared to its average volume of 731,591. The firm has a 50 day simple moving average of $45.19. The stock has a market cap of $1.11 billion, a PE ratio of 13.37 and a beta of 0.55. Gold.com Inc. has a fifty-two week low of $19.39 and a fifty-two week high of $66.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.66.
Gold.com (NYSE:GOLD – Get Free Report) last released its 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. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $4.81 billion. Gold.com had a return on equity of 17.82% and a net margin of 0.35%. As a group, analysts expect that Gold.com Inc. will post 5.31 EPS for the current year.
Gold.com Dividend Announcement
Gold.com announced that its board has initiated a share buyback plan on Wednesday, April 8th that allows the company to repurchase 2,000,000,000,000 shares. This repurchase authorization allows the company to buy up to 7.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
Hedge Funds Weigh In On Gold.com
A number of hedge funds have recently modified their holdings of the stock. Swiss National Bank increased its stake in shares of Gold.com by 1.4% in the first quarter. Swiss National Bank now owns 36,500 shares of the company’s stock worth $1,463,000 after acquiring an additional 500 shares during the last quarter. CWM LLC acquired a new position in shares of Gold.com in the fourth quarter worth $35,000. Larson Financial Group LLC acquired a new position in shares of Gold.com in the fourth quarter worth $41,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Gold.com in the fourth quarter worth $42,000. Finally, State of Alaska Department of Revenue acquired a new position in Gold.com during the fourth quarter worth $44,000. 62.85% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on GOLD shares. Zacks Research lowered Gold.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings upgraded Gold.com from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Roth Mkm set a $52.00 target price on Gold.com in a report on Thursday, May 7th. Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a report on Friday, February 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $60.00 price target on shares of Gold.com in a research note on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.33.
Check Out Our Latest Stock Analysis on GOLD
Gold.com Company Profile
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.
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