A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Average Rating of “Hold” from Brokerages

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have earned an average recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $46.33.

A number of analysts have issued reports on the stock. 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 report on Thursday, November 7th. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

A-Mark Precious Metals Stock Up 1.4 %

A-Mark Precious Metals stock opened at $27.78 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The stock has a market cap of $644.05 million, a P/E ratio of 11.82 and a beta of -0.06. The company’s 50-day moving average price is $30.48 and its two-hundred day moving average price is $35.67. A-Mark Precious Metals has a twelve month low of $24.22 and a twelve month high of $47.39.

Hedge Funds Weigh In On A-Mark Precious Metals

A number of hedge funds and other institutional investors have recently bought and sold shares of AMRK. Hobbs Group Advisors LLC purchased a new stake in shares of A-Mark Precious Metals during the third quarter valued at approximately $26,000. Quarry LP boosted its holdings in A-Mark Precious Metals by 94.1% in the second 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. nVerses Capital LLC bought a new position in shares of A-Mark Precious Metals in the second quarter worth approximately $45,000. Strategic Investment Solutions Inc. IL purchased a new stake in A-Mark Precious Metals during the 3rd quarter valued at $88,000. Finally, Victory Capital Management Inc. purchased a new position in A-Mark Precious Metals in the 3rd quarter worth about $226,000. Hedge funds and other 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.