A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) had its price target upped by equities researchers at DA Davidson from $42.00 to $47.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price suggests a potential upside of 7.16% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Maxim Group initiated coverage on A-Mark Precious Metals in a report on Wednesday, May 22nd. They set a “buy” rating and a $63.00 price objective for the company. Northland Securities lowered A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. B. Riley downgraded A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a report on Wednesday, May 15th. Northland Capmk downgraded shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $47.67.
Check Out Our Latest Research Report on A-Mark Precious Metals
A-Mark Precious Metals Trading Up 0.8 %
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of AMRK. Sanctuary Advisors LLC acquired a new stake in A-Mark Precious Metals during the second quarter worth about $308,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of A-Mark Precious Metals by 123.6% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company’s stock worth $3,014,000 after acquiring an additional 51,460 shares during the period. Quarry LP boosted its position in shares of A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of A-Mark Precious Metals during the 2nd quarter worth approximately $5,702,000. Finally, Dark Forest Capital Management LP bought a new position in A-Mark Precious Metals in the second quarter valued at approximately $414,000. Institutional investors 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.
Featured Articles
- Five stocks we like better than A-Mark Precious Metals
- What is the Dogs of the Dow Strategy? Overview and Examples
- Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy?
- When to Sell a Stock for Profit or Loss
- Why HPE’s Dip Is a Prime Opportunity for Blue-Chip AI Investors
- 5 discounted opportunities for dividend growth investors
- Why Analysts See Big Upside for Occidental Petroleum Despite Lows
Receive News & Ratings for A-Mark Precious Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A-Mark Precious Metals and related companies with MarketBeat.com's FREE daily email newsletter.