A-Mark Precious Metals (NASDAQ:AMRK) Given New $35.00 Price Target at DA Davidson

A-Mark Precious Metals (NASDAQ:AMRK) had its price objective lowered by equities research analysts at DA Davidson from $43.00 to $35.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 22.46% from the stock’s current price.

A number of other brokerages have also recently weighed in on AMRK. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Northland Securities dropped their target price on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a research report on Friday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.75.

A-Mark Precious Metals Trading Up 1.0 %

Shares of A-Mark Precious Metals stock traded up $0.28 during trading hours on Friday, reaching $28.58. 786,689 shares of the company’s stock were exchanged, compared to its average volume of 245,632. The firm has a market capitalization of $662.48 million, a price-to-earnings ratio of 12.16 and a beta of -0.02. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals has a 52-week low of $24.22 and a 52-week high of $47.39. The company has a fifty day moving average of $27.69 and a 200-day moving average of $34.54.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 10.93% and a net margin of 0.57%. Sell-side analysts forecast that A-Mark Precious Metals will post 3.54 EPS for the current fiscal year.

Institutional Trading of A-Mark Precious Metals

Several large investors have recently bought and sold shares of AMRK. Raymond James Financial Inc. acquired a new position in shares of A-Mark Precious Metals during the fourth quarter worth $237,000. Proficio Capital Partners LLC acquired a new position in A-Mark Precious Metals in the 4th quarter worth $338,000. Victory Capital Management Inc. boosted its position in A-Mark Precious Metals by 85.1% in the 4th quarter. Victory Capital Management Inc. now owns 9,456 shares of the company’s stock valued at $259,000 after buying an additional 4,347 shares during the last quarter. Bard Associates Inc. grew its stake in shares of A-Mark Precious Metals by 1.0% during the fourth quarter. Bard Associates Inc. now owns 94,344 shares of the company’s stock valued at $2,585,000 after acquiring an additional 933 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of A-Mark Precious Metals by 43.6% during the fourth quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company’s stock worth $5,871,000 after acquiring an additional 65,014 shares during the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.

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.