A-Mark Precious Metals (NASDAQ:AMRK) Given New $47.00 Price Target at DA Davidson

A-Mark Precious Metals (NASDAQ:AMRK) had its price objective lifted by DA Davidson from $42.00 to $47.00 in a research report released on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

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

A-Mark Precious Metals Price Performance

Shares of AMRK stock opened at $43.86 on Thursday. 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 has a twelve month low of $23.14 and a twelve month high of $43.94. The company has a market cap of $1.00 billion, a P/E ratio of 13.45 and a beta of -0.06. The business has a fifty day simple moving average of $36.27 and a 200 day simple moving average of $34.76.

A-Mark Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.82%. The ex-dividend date was Thursday, July 18th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 24.54%.

Institutional Investors Weigh In On A-Mark Precious Metals

Hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of A-Mark Precious Metals in the 2nd quarter valued at about $308,000. B. Riley Wealth Advisors Inc. lifted its position in A-Mark Precious Metals by 123.6% during the second quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company’s stock valued at $3,014,000 after buying an additional 51,460 shares during the period. Quarry LP increased its holdings in shares of A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares in the last quarter. Driehaus Capital Management LLC bought a new position in shares of A-Mark Precious Metals during the second quarter valued at $5,702,000. Finally, Dark Forest Capital Management LP bought a new position in shares of A-Mark Precious Metals during the second quarter valued at $414,000. Institutional investors 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.