A-Mark Precious Metals (NASDAQ:AMRK) Price Target Raised to $47.00

A-Mark Precious Metals (NASDAQ:AMRK) had its target price boosted by DA Davidson from $42.00 to $47.00 in a report published on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

AMRK has been the topic of a number of other reports. Northland Capmk lowered A-Mark Precious Metals from a strong-buy rating to a hold rating in a report on Wednesday, May 8th. Northland Securities lowered A-Mark Precious Metals from an outperform rating to a market perform rating in a report on Wednesday, May 8th. Maxim Group started coverage on A-Mark Precious Metals in a report on Wednesday, May 22nd. They set a buy rating and a $63.00 target price on the stock. B. Riley lowered A-Mark Precious Metals from a buy rating to a neutral rating and set a $33.00 target price on the stock. in a report on Wednesday, May 15th. Finally, StockNews.com raised A-Mark Precious Metals from a sell rating to a hold rating in a report on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $47.67.

A-Mark Precious Metals Stock Up 0.8 %

NASDAQ:AMRK opened at $43.86 on Thursday. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 13.45 and a beta of -0.06. A-Mark Precious Metals has a twelve month low of $23.14 and a twelve month high of $43.94. The stock’s 50 day moving average price is $36.27 and its two-hundred day moving average price is $34.76. The company has a quick ratio of 0.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.50.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, July 18th. A-Mark Precious Metals’s dividend payout ratio is 24.54%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP lifted its position in shares of A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares during the period. nVerses Capital LLC bought a new stake in shares of A-Mark Precious Metals during the 2nd quarter valued at $45,000. Quest Partners LLC bought a new stake in shares of A-Mark Precious Metals during the 4th quarter valued at $184,000. Capstone Investment Advisors LLC bought a new stake in shares of A-Mark Precious Metals during the 4th quarter valued at $220,000. Finally, Quantbot Technologies LP lifted its position in shares of A-Mark Precious Metals by 192.5% during the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after acquiring an additional 4,895 shares during the period. 75.25% of the stock is owned by institutional investors and hedge funds.

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.