In a report released today, Tom Forte from D.A. Davidson reiterated a Buy rating on A-Mark Precious Metals (AMRK – Research Report), with a price target of $66.00. The company’s shares closed yesterday at $27.26.
Forte covers the Technology sector, focusing on stocks such as Amazon, Pinterest, and Apple. According to TipRanks, Forte has an average return of 11.8% and a 49.39% success rate on recommended stocks.
A-Mark Precious Metals has an analyst consensus of Strong Buy, with a price target consensus of $53.67.
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AMRK market cap is currently $640.8M and has a P/E ratio of 4.30.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMRK in relation to earlier this year. Last month, Gregory N. Roberts, the CEO of AMRK bought 5,000.00 shares for a total of $32,000.00.
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A-Mark Precious Metals (AMRK) Company Description:
A-Mark Precious Metals, Inc. engages in the trading of precious metals. It operates through the following segments: Wholesale Trading and Ancillary Services; Secured Lending; and Direct Sales. The Wholesale Trading and Ancillary Services segment offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grain, ingots, and coins. The Secured Lending segment serves coin and precious metal dealers, investors, and collectors. The Direct Sales segment sells precious metals to the investor community. The company was founded by Steven C. Markoff on April 9, 1965 and is headquartered in El Segundo, CA.
Read More on AMRK:
- A-Mark appoints Roy Friedman as SVP of trading, global precious metals
- A-Mark Precious Metals Sets Fiscal First Quarter 2024 Earnings Call for Tuesday, November 7, at 4:30 p.m. ET
- A-Mark Precious Metals management to meet with Roth MKM
- A-Mark Precious Metals price target lowered to $45 from $54 at B. Riley
- A-Mark Precious Metals price target raised to $66 from $57 at DA Davidson
