A-Mark Precious Metals (NASDAQ:AMRK) Announces Earnings Results, Misses Estimates By $0.10 EPS

A-Mark Precious Metals (NASDAQ:AMRK) issued its earnings results on Thursday. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.10), Zacks reports. A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 10.93%.

A-Mark Precious Metals Price Performance

Shares of NASDAQ AMRK opened at $28.30 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. The business has a 50-day moving average of $27.73 and a 200-day moving average of $34.58. The stock has a market capitalization of $655.99 million, a price-to-earnings ratio of 12.04 and a beta of -0.02. A-Mark Precious Metals has a fifty-two week low of $24.22 and a fifty-two week high of $47.39.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 annualized dividend and a yield of 2.83%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 34.04%.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMRK shares. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Northland Securities dropped their price target on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research note on Friday. Finally, DA Davidson reduced their price objective on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, A-Mark Precious Metals has a consensus rating of “Hold” and an average target price of $43.75.

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.