Analysts Set Gold.com Inc. (NYSE:GOLD) Target Price at $58.00

Gold.com Inc. (NYSE:GOLD) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $58.00.

A number of brokerages have recently issued reports on GOLD. Canaccord Genuity Group cut their target price on Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Northland Securities set a $55.00 price target on Gold.com in a research report on Thursday, September 3rd. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. DA Davidson restated a “buy” rating and set a $60.00 price objective on shares of Gold.com in a report on Thursday, September 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th.

Insider Activity at Gold.com

In other Gold.com news, Director Jeffrey D. Benjamin sold 18,048 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $44.50, for a total transaction of $803,136.00. Following the sale, the director directly owned 261,546 shares of the company’s stock, valued at $11,638,797. The trade was a 6.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Moorhead John sold 1,000 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $47.34, for a total value of $47,340.00. Following the completion of the sale, the director owned 27,756 shares of the company’s stock, valued at $1,313,969.04. The trade was a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 124,859 shares of company stock worth $5,835,628. 0.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gold.com

A number of large investors have recently made changes to their positions in GOLD. Jacobs Asset Management LLC purchased a new position in shares of Gold.com during the 4th quarter valued at $10,215,000. Bard Associates Inc. purchased a new stake in shares of Gold.com during the fourth quarter worth $3,078,000. Hsbc Holdings PLC raised its holdings in shares of Gold.com by 283.3% during the second quarter. Hsbc Holdings PLC now owns 36,773 shares of the company’s stock worth $1,076,000 after acquiring an additional 27,180 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Gold.com during the first quarter valued at $2,618,000. Finally, Gamco Investors INC. ET AL acquired a new stake in Gold.com during the fourth quarter valued at $1,083,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Gold.com Stock Down 2.8%

Shares of NYSE GOLD opened at $43.41 on Thursday. Gold.com has a fifty-two week low of $23.00 and a fifty-two week high of $66.70. The firm’s 50-day simple moving average is $43.78 and its 200 day simple moving average is $43.45. The stock has a market cap of $1.27 billion, a P/E ratio of 14.87 and a beta of 0.56.

Gold.com (NYSE:GOLD) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.55). The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 17.22%. During the same quarter last year, the business earned $0.41 earnings per share. On average, sell-side analysts anticipate that Gold.com will post 3.73 earnings per share for the current fiscal year.

Gold.com Dividend Announcement

The company also recently declared a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 16th. Gold.com’s payout ratio is currently 27.40%.

About Gold.com

Gold.com, Inc, together with its subsidiaries, operates as a precious metals company. It operates through 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 complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.