A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) had its target price lifted by equities research analysts at DA Davidson from $52.00 to $57.00 in a research report issued to clients and investors on Thursday, The Fly reports. DA Davidson's price target would suggest a potential upside of 115.18% from the company's current price.
Separately, Northland Securities upped their price objective on A-Mark Precious Metals from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Wednesday, May 25th.
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A-Mark Precious Metals Price Performance
A-Mark Precious Metals stock opened at $26.49 on Thursday. A-Mark Precious Metals has a 52 week low of $23.71 and a 52 week high of $44.60. The business has a 50-day simple moving average of $31.04 and a 200 day simple moving average of $33.98. The company has a quick ratio of 0.53, a current ratio of 1.41 and a debt-to-equity ratio of 0.19. The stock has a market cap of $619.42 million, a price-to-earnings ratio of 4.87 and a beta of -0.31.
Hedge Funds Weigh In On A-Mark Precious Metals
A number of hedge funds and other institutional investors have recently modified their holdings of AMRK. BNP Paribas Arbitrage SA boosted its holdings in shares of A-Mark Precious Metals by 768.3% in the 4th quarter. BNP Paribas Arbitrage SA now owns 20,874 shares of the company's stock worth $1,275,000 after purchasing an additional 18,470 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in A-Mark Precious Metals during the 4th quarter valued at about $406,000. Qube Research & Technologies Ltd boosted its holdings in A-Mark Precious Metals by 202.8% during the 4th quarter. Qube Research & Technologies Ltd now owns 15,260 shares of the company's stock valued at $932,000 after acquiring an additional 10,221 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in A-Mark Precious Metals during the 4th quarter valued at about $1,870,000. Finally, CWA Asset Management Group LLC purchased a new stake in A-Mark Precious Metals during the 4th quarter valued at about $4,492,000. 59.78% of the stock is currently owned by hedge funds and other institutional investors.
A-Mark Precious Metals Company Profile
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A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.
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