Gold.com Inc. (NYSE:GOLD) Given Consensus Rating of “Buy” by Analysts

Gold.com Inc. (NYSE:GOLD) has earned a consensus recommendation of “Buy” from the six research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $59.75.

Several analysts have recently commented on GOLD shares. Roth Mkm set a $52.00 price objective on shares of Gold.com in a research report on Thursday, May 7th. Canaccord Genuity Group began coverage on shares of Gold.com in a report on Tuesday. They issued a “buy” rating and a $70.00 target price for the company. DA Davidson reiterated a “buy” rating and issued a $60.00 price target on shares of Gold.com in a research note on Tuesday, April 28th. Weiss Ratings raised Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Finally, Zacks Research upgraded Gold.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st.

Gold.com Trading Up 7.0%

Gold.com stock traded up $2.82 during midday trading on Tuesday, hitting $43.28. The stock had a trading volume of 83,729 shares, compared to its average volume of 690,209. Gold.com has a 52-week low of $20.54 and a 52-week high of $66.70. The stock has a market capitalization of $1.25 billion, a P/E ratio of 14.75 and a beta of 0.53. The stock has a fifty day moving average of $42.99. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11.

Gold.com (NYSE:GOLD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $1.44 by $1.62. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $4.81 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. As a group, equities research analysts predict that Gold.com will post 5.31 earnings per share for the current fiscal year.

Gold.com declared that its board has approved a share buyback program on Wednesday, April 8th that allows the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization allows the company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Gold.com Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Gold.com’s dividend payout ratio (DPR) is 27.40%.

Insiders Place Their Bets

In related news, major shareholder Tether Global Investments Fund acquired 530,338 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was acquired at an average cost of $44.50 per share, with a total value of $23,600,041.00. Following the acquisition, the insider directly owned 3,370,787 shares in the company, valued at $150,000,021.50. This represents a 18.67% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory N. Roberts sold 40,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total transaction of $1,663,200.00. Following the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. This trade represents a 58.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders acquired 730,338 shares of company stock worth $31,842,096 and sold 90,000 shares worth $3,723,200. 23.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gold.com

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in Gold.com by 116.8% in the 1st quarter. Bank of America Corp DE now owns 60,575 shares of the company’s stock valued at $2,428,000 after acquiring an additional 32,637 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Gold.com by 69.2% during the 1st quarter. California State Teachers Retirement System now owns 29,031 shares of the company’s stock valued at $1,164,000 after purchasing an additional 11,871 shares during the last quarter. Empowered Funds LLC grew its position in shares of Gold.com by 42.5% during the first quarter. Empowered Funds LLC now owns 277,029 shares of the company’s stock valued at $11,103,000 after purchasing an additional 82,637 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Gold.com during the first quarter valued at about $358,000. Finally, Quantinno Capital Management LP increased its holdings in shares of Gold.com by 424.5% in the first quarter. Quantinno Capital Management LP now owns 43,547 shares of the company’s stock worth $1,745,000 after purchasing an additional 35,244 shares during the last quarter. 62.85% of the stock is owned by hedge funds and other institutional investors.

Gold.com Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.