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 $34.12.
Forte covers the Technology sector, focusing on stocks such as Roku, Apple, and Amazon. According to TipRanks, Forte has an average return of 14.2% and a 50.91% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for A-Mark Precious Metals with a $61.00 average price target.
See today’s best-performing stocks on TipRanks >>
AMRK market cap is currently $793.7M and has a P/E ratio of 5.47.
Based on the recent corporate insider activity of 34 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. Most recently, in June 2023, Carol Meltzer, the EVP, GC & Sec of AMRK sold 1,000.00 shares for a total of $37,735.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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:
