A-Mark Precious Metals (NASDAQ:AMRK) Stock Rating Upgraded by StockNews.com

A-Mark Precious Metals (NASDAQ:AMRK) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Separately, DA Davidson reduced their target price on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $46.33.

A-Mark Precious Metals Stock Performance

NASDAQ AMRK opened at $25.79 on Thursday. The firm’s 50 day simple moving average is $33.19 and its 200 day simple moving average is $36.18. The firm has a market capitalization of $597.92 million, a price-to-earnings ratio of 10.97 and a beta of -0.06. 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 1 year low of $24.22 and a 1 year high of $47.39.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Riverwater Partners LLC increased its holdings in A-Mark Precious Metals by 385.1% in the 3rd quarter. Riverwater Partners LLC now owns 44,774 shares of the company’s stock worth $2,001,000 after purchasing an additional 35,545 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in shares of A-Mark Precious Metals by 359.3% during the second quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock worth $2,657,000 after purchasing an additional 64,221 shares during the last quarter. FMR LLC increased its stake in shares of A-Mark Precious Metals by 1,714.4% in the third quarter. FMR LLC now owns 1,209,801 shares of the company’s stock valued at $53,425,000 after buying an additional 1,143,125 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in A-Mark Precious Metals by 44.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 55,020 shares of the company’s stock valued at $2,430,000 after buying an additional 16,935 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in A-Mark Precious Metals during the 2nd quarter worth approximately $5,702,000. 75.25% of the stock is currently owned by institutional investors.

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.