Brokerages Set A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Price Target at $46.33

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have earned an average recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $46.33.

AMRK has been the subject of several recent research reports. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. DA Davidson cut their price objective on shares of 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Hobbs Group Advisors LLC bought a new stake in A-Mark Precious Metals during the 3rd quarter worth $26,000. Quarry LP grew 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 worth $36,000 after purchasing an additional 539 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of A-Mark Precious Metals in the second quarter valued at approximately $45,000. Strategic Investment Solutions Inc. IL bought a new position in A-Mark Precious Metals in the 3rd quarter valued at approximately $88,000. Finally, Victory Capital Management Inc. bought a new stake in A-Mark Precious Metals during the 3rd quarter worth approximately $226,000. 75.25% of the stock is currently owned by institutional investors.

A-Mark Precious Metals Price Performance

NASDAQ:AMRK opened at $27.84 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. The firm has a market cap of $645.44 million, a price-to-earnings ratio of 11.85 and a beta of -0.01. A-Mark Precious Metals has a 52 week low of $24.22 and a 52 week high of $47.39. The firm’s 50-day simple moving average is $29.34 and its 200 day simple moving average is $35.48.

A-Mark Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th will be given a $0.20 dividend. The ex-dividend date is Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.87%. A-Mark Precious Metals’s dividend payout ratio is currently 34.04%.

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.