Globeflex Capital L P Invests $2.78 Million in Gold.com Inc. $GOLD

Globeflex Capital L P purchased a new position in shares of Gold.com Inc. (NYSE:GOLD) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 66,876 shares of the company’s stock, valued at approximately $2,783,000.

Several other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank increased its position in Gold.com by 1.4% during the 1st quarter. Swiss National Bank now owns 36,500 shares of the company’s stock worth $1,463,000 after buying an additional 500 shares during the period. CWM LLC bought a new stake in shares of Gold.com in the fourth quarter valued at about $35,000. Larson Financial Group LLC bought a new stake in shares of Gold.com in the fourth quarter valued at about $41,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Gold.com in the fourth quarter valued at about $42,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Gold.com in the fourth quarter valued at about $44,000. 62.85% of the stock is currently owned by institutional investors.

Gold.com Stock Performance

GOLD opened at $46.22 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18. Gold.com Inc. has a 52-week low of $22.00 and a 52-week high of $66.70. The firm has a market cap of $1.34 billion, a P/E ratio of 15.83 and a beta of 0.54. The business’s fifty day moving average is $41.99 and its 200-day moving average is $45.34.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Canaccord Genuity Group initiated coverage on shares of Gold.com in a research report on Tuesday, June 9th. They set a “buy” rating and a $70.00 price target on the stock. Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Roth Capital set a $52.00 target price on shares of Gold.com in a research report on Thursday, May 7th. DA Davidson reaffirmed a “buy” rating and set a $60.00 target price on shares of Gold.com in a report on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.75.

Gold.com 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.