A-Mark Precious Metals (NASDAQ:AMRK) issued its quarterly earnings results on Thursday. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05, Yahoo Finance reports. A-Mark Precious Metals had a return on equity of 4.06% and a net margin of 0.04%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.49 billion.
Shares of A-Mark Precious Metals (NASDAQ AMRK) opened at $11.14 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.39 and a current ratio of 1.11. A-Mark Precious Metals has a one year low of $10.39 and a one year high of $21.66. The stock has a market capitalization of $85.29, a price-to-earnings ratio of 29.58 and a beta of -0.09.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, February 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.87%. A-Mark Precious Metals’s payout ratio is 86.49%.
A number of analysts recently issued reports on AMRK shares. B. Riley reiterated a “hold” rating and set a $19.00 price objective on shares of A-Mark Precious Metals in a research note on Monday, November 13th. Zacks Investment Research upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. decreased their price objective on A-Mark Precious Metals from $19.00 to $17.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 15th. Finally, ValuEngine lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. A-Mark Precious Metals presently has a consensus rating of “Hold” and an average target price of $19.60.
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About A-Mark Precious Metals
A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.
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