A-Mark Precious Metals (AMRK) Posts Earnings Results

A-Mark Precious Metals (NASDAQ:AMRK) announced its earnings results on Thursday. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.13, Fidelity Earnings reports. A-Mark Precious Metals had a negative net margin of 0.04% and a negative return on equity of 0.62%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.72 billion.

Shares of NASDAQ AMRK traded up $0.84 on Friday, reaching $13.24. 33,843 shares of the company’s stock traded hands, compared to its average volume of 9,676. A-Mark Precious Metals has a 12 month low of $10.39 and a 12 month high of $15.80. The company has a market capitalization of $87.68 million, a price-to-earnings ratio of -220.67 and a beta of 0.07. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.06.

In other A-Mark Precious Metals news, major shareholder William A. Richardson bought 8,900 shares of the firm’s stock in a transaction on Monday, October 15th. The stock was acquired at an average price of $12.50 per share, with a total value of $111,250.00. Following the completion of the purchase, the insider now owns 265,088 shares of the company’s stock, valued at $3,313,600. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 39.50% of the stock is currently owned by company insiders.

AMRK has been the subject of a number of analyst reports. Zacks Investment Research raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. B. Riley reaffirmed a “neutral” rating and set a $16.50 target price (up previously from $16.00) on shares of A-Mark Precious Metals in a research note on Monday, September 17th. Finally, TheStreet downgraded shares of A-Mark Precious Metals from a “c” rating to a “d+” rating in a research note on Monday, September 24th. Four investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $15.67.

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A-Mark Precious Metals Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company worldwide. The company offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints.

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Earnings History for A-Mark Precious Metals (NASDAQ:AMRK)

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