A-Mark Precious Metals (AMRK) Posts Earnings Results, Beats Estimates By $0.05 EPS

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 hedge fund recently raised its stake in A-Mark Precious Metals stock. Northern Trust Corp lifted its stake in shares of A-Mark Precious Metals Inc (NASDAQ:AMRK) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,386 shares of the company’s stock after purchasing an additional 1,902 shares during the quarter. Northern Trust Corp owned 0.49% of A-Mark Precious Metals worth $564,000 as of its most recent SEC filing. Institutional investors and hedge funds own 19.66% of the company’s stock.

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.

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

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