DA Davidson Has Lowered Expectations for A-Mark Precious Metals (NASDAQ:AMRK) Stock Price

A-Mark Precious Metals (NASDAQ:AMRK) had its price target cut by analysts at DA Davidson from $52.00 to $43.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s target price would indicate a potential upside of 32.59% from the stock’s previous close.

Separately, StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, A-Mark Precious Metals has a consensus rating of “Hold” and an average price target of $46.33.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock traded down $5.20 during mid-day trading on Thursday, reaching $32.43. The stock had a trading volume of 1,012,260 shares, compared to its average volume of 353,424. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. A-Mark Precious Metals has a 1-year low of $23.14 and a 1-year high of $47.39. The firm has a market cap of $751.37 million, a price-to-earnings ratio of 11.80 and a beta of -0.01. The business’s fifty day moving average is $41.88 and its 200-day moving average is $38.30.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.59). The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.64 billion. A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. On average, research analysts forecast that A-Mark Precious Metals will post 4.29 earnings per share for the current year.

Insider Buying and Selling at A-Mark Precious Metals

In other news, Director Jess M. Ravich sold 14,500 shares of A-Mark Precious Metals stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.68, for a total transaction of $662,360.00. Following the sale, the director now owns 190,500 shares in the company, valued at approximately $8,702,040. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jess M. Ravich sold 14,500 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.68, for a total value of $662,360.00. Following the sale, the director now directly owns 190,500 shares in the company, valued at $8,702,040. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael R. Wittmeyer sold 10,975 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $43.30, for a total transaction of $475,217.50. Following the transaction, the director now owns 292,535 shares in the company, valued at $12,666,765.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,316 shares of company stock valued at $4,911,036 in the last 90 days. Company insiders own 48.64% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its holdings in shares of A-Mark Precious Metals by 99.6% in the 1st quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company’s stock worth $1,047,000 after purchasing an additional 17,023 shares in the last quarter. GSA Capital Partners LLP acquired a new position in A-Mark Precious Metals during the 1st quarter worth about $712,000. Quantbot Technologies LP lifted its stake in shares of A-Mark Precious Metals by 192.5% during the first 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. Significant Wealth Partners LLC bought a new position in A-Mark Precious Metals in the first quarter valued at approximately $1,194,000. Finally, Vanguard Group Inc. grew its holdings in A-Mark Precious Metals by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,038,275 shares of the company’s stock valued at $31,865,000 after purchasing an additional 6,544 shares during the period. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

A-Mark Precious Metals Company Profile

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.