A-Mark Precious Metals (AMRK) Cut to Hold at ValuEngine

ValuEngine downgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a buy rating to a hold rating in a report issued on Thursday.

Separately, Zacks Investment Research raised A-Mark Precious Metals from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research note on Monday, January 21st.

NASDAQ:AMRK opened at $12.51 on Thursday. A-Mark Precious Metals has a 12-month low of $10.45 and a 12-month high of $14.77. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.71 and a current ratio of 1.23. The firm has a market capitalization of $86.45 million, a PE ratio of -208.50 and a beta of 0.19.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data on Monday, February 11th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.54 billion. A-Mark Precious Metals had a positive return on equity of 1.47% and a negative net margin of 0.03%. Analysts forecast that A-Mark Precious Metals will post 0.45 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Cannell Capital LLC raised its stake in A-Mark Precious Metals by 18.1% during the 4th quarter. Cannell Capital LLC now owns 14,990 shares of the company’s stock worth $177,000 after buying an additional 2,300 shares during the period. Wedbush Securities Inc. raised its stake in A-Mark Precious Metals by 13.2% during the 4th quarter. Wedbush Securities Inc. now owns 98,163 shares of the company’s stock worth $1,157,000 after buying an additional 11,430 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in A-Mark Precious Metals by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 333,243 shares of the company’s stock worth $3,929,000 after buying an additional 14,359 shares during the period. 20.59% of the stock is currently owned by institutional investors and hedge funds.

About A-Mark Precious Metals

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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