D.A. Davidson analyst Michael Baker maintained a Buy rating on A-Mark Precious Metals (AMRK – Research Report) today. The company’s shares closed last Friday at $27.01.
According to TipRanks, Baker is a 5-star analyst with an average return of 7.3% and a 62.40% success rate. Baker covers the Consumer Cyclical sector, focusing on stocks such as O’Reilly Auto, Costco, and AutoZone.
Currently, the analyst consensus on A-Mark Precious Metals is a Strong Buy with an average price target of $36.50, which is a 35.14% upside from current levels. In a report released on February 21, B.Riley Financial also maintained a Buy rating on the stock with a $33.00 price target.
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AMRK market cap is currently $617.3M and has a P/E ratio of 5.99.
Based on the recent corporate insider activity of 33 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. Earlier this month, Gregory N. Roberts, the CEO of AMRK sold 24,696.00 shares for a total of $626,888.79.
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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 Precious Metals closes acquisition of LPM Group
- A-Mark Closes Previously Announced Acquisition of LPM Group Limited, Marking A-Mark’s Expansion into Asia
- A-Mark Precious Metals price target lowered to $33 from $41 at B. Riley
- A-Mark Precious Metals reports Q2 diluted EPS 57c, consensus 79c
- A-Mark Precious Metals Reports Fiscal Second Quarter 2024 Results
