A-Mark Precious Metals (NASDAQ: AMRK – Get a Rating) saw its target price raised by stock analysts DA Davidson from $52.00 to $57.00 in a report on Thursday, reports The Fly. DA Davidson’s price target would indicate a potential upside of 133.32% from the stock’s previous close.
Separately, Northland Securities raised its price target on A-Mark Precious Metals shares from $55.00 to $60.00 and gave the company an “outperform” rating in a Wednesday 25 research note. may.
A-Mark precious metals are trading up 1.5%
AMRK opened at $24.43 on Thursday. The company has a debt ratio of 0.19, a current ratio of 1.41 and a quick ratio of 0.53. A-Mark Precious Metals has a fifty-two week low of $23.71 and a fifty-two week high of $44.60. The company has a market capitalization of $571.17 million, a PE ratio of 4.49 and a beta of -0.31. The company’s 50-day moving average is $31.13 and its 200-day moving average is $34.11.
Institutional entries and exits
Institutional investors and hedge funds have recently changed their stock holdings. Zurcher Kantonalbank Zurich Cantonalbank bought a new stock position in A-Mark Precious Metals during Q1, valued at around $61,000. The New York State Teachers’ Retirement System purchased a new stock position in A-Mark Precious Metals during Q1, valued at approximately $62,000. Amalgamated Bank bought a new position in A-Mark Precious Metals in Q1 worth around $84,000. Counterpoint Mutual Funds LLC bought a new position in A-Mark Precious Metals in Q1 for a value of approximately $87,000. Finally, Dorsey Wright & Associates increased its stake in A-Mark Precious Metals by 88.7% in the 2nd quarter. Dorsey Wright & Associates now owns 1,200 shares of the company worth $39,000 after purchasing an additional 564 shares during the period. 59.78% of the shares are held by institutional investors.
A-Mark Precious Metals Company Profile
(Get an assessment)
A-Mark Precious Metals, Inc., together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: wholesale and ancillary services, direct-to-consumer and secured lending. The Wholesale and 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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