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

A-Mark Precious Metals (NASDAQ:AMRK) had its target price decreased by Northland Securities from $40.00 to $36.00 in a research report report published on Friday morning,Benzinga reports. Northland Securities currently has a market perform rating on the stock.

AMRK has been the subject of several other reports. DA Davidson lowered their price target on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.75.

A-Mark Precious Metals Price Performance

Shares of AMRK stock opened at $28.58 on Friday. The business has a fifty day simple moving average of $27.69 and a 200 day simple moving average of $34.54. The company has a market cap of $662.48 million, a P/E ratio of 12.16 and a beta of -0.02. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals has a twelve month low of $24.22 and a twelve month high of $47.39.

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

A-Mark Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were paid a $0.20 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.80%. A-Mark Precious Metals’s dividend payout ratio is 34.04%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Hobbs Group Advisors LLC bought a new stake in shares of A-Mark Precious Metals in the 3rd quarter valued at about $26,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of A-Mark Precious Metals in the third quarter worth approximately $88,000. nVerses Capital LLC lifted its stake in shares of A-Mark Precious Metals by 157.1% in the third quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock worth $159,000 after acquiring an additional 2,200 shares during the period. Victory Capital Management Inc. bought a new stake in A-Mark Precious Metals in the third quarter valued at approximately $226,000. Finally, Fermata Advisors LLC acquired a new stake in A-Mark Precious Metals during the 3rd quarter valued at approximately $232,000. 75.25% of the stock is owned by 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.