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. “
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AMRK opened at $11.80 on Wednesday. A-Mark Precious Metals has a one year low of $10.45 and a one year high of $14.14. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The stock has a fifty day moving average price of $12.77. The company has a market cap of $82.97 million, a P/E ratio of 31.05 and a beta of 0.05.
A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.09. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. Research analysts expect that A-Mark Precious Metals will post 0.51 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Granite Investment Partners LLC acquired a new stake in shares of A-Mark Precious Metals during the first quarter worth $379,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of A-Mark Precious Metals during the first quarter worth $59,000. 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 purchasing an additional 18,132 shares during the period. 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 purchasing an additional 2,300 shares during the period. Finally, 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 purchasing an additional 14,359 shares during the period. 21.66% of the stock is currently owned by institutional investors.
About A-Mark Precious Metals
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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