A-Mark Precious Metals (NASDAQ:AMRK) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a sell rating to a hold rating in a report published on Wednesday morning, Zacks.com reports.

According to Zacks, “A-Mark Precious Metals, Inc. operates as a full service precious metals trading company offering a wide array of products and services. The Company’s products include gold, silver, platinum and palladium for storage and delivery in the form of coins, bars, wafers and grain. Its services include financing, leasing, consignment, hedging and a variety of customized financial programs. The Company’s clients include coin and metal dealers, investors, collectors, mines, manufacturers, refiners, jewelers, investment advisors, merchants, commodity brokerage houses and central banks. A-Mark Precious Metals, Inc. is based in Santa Monica, California. “

Separately, ValuEngine raised GameStop from a sell rating to a hold rating in a research note on Sunday, June 9th.

Shares of AMRK stock opened at $11.80 on Wednesday. The company’s 50-day moving average price is $12.77. A-Mark Precious Metals has a 12 month low of $10.45 and a 12 month high of $14.14. The firm has a market capitalization of $87.75 million, a price-to-earnings ratio of 32.84 and a beta of 0.05. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.19.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.09. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. As a group, analysts forecast that A-Mark Precious Metals will post 0.51 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Cannell Capital LLC raised its position in shares of A-Mark Precious Metals by 18.1% during the fourth quarter. Cannell Capital LLC now owns 14,990 shares of the company’s stock worth $177,000 after acquiring an additional 2,300 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of A-Mark Precious Metals during the first quarter worth about $59,000. Dimensional Fund Advisors LP raised its position in shares of A-Mark Precious Metals by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 333,243 shares of the company’s stock worth $3,929,000 after acquiring an additional 14,359 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of A-Mark Precious Metals by 18.5% during the first quarter. Wedbush Securities Inc. now owns 116,295 shares of the company’s stock worth $1,384,000 after acquiring an additional 18,132 shares during the last quarter. Finally, Granite Investment Partners LLC bought a new position in shares of A-Mark Precious Metals during the first quarter worth about $379,000. Institutional investors own 21.66% of the company’s stock.

A-Mark Precious Metals Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company worldwide. The company offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints.

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