Gold.com (NYSE:GOLD) Sets New 1-Year High Following Analyst Upgrade

Gold.com Inc. (NYSE:GOLD)’s share price hit a new 52-week high during trading on Wednesday after DA Davidson raised their price target on the stock from $45.00 to $53.00. DA Davidson currently has a buy rating on the stock. Gold.com traded as high as $52.92 and last traded at $51.20, with a volume of 2104644 shares traded. The stock had previously closed at $44.10.

A number of other analysts have also issued reports on the company. Roth Mkm reiterated a “buy” rating and set a $50.00 price objective on shares of Gold.com in a research note on Friday, January 16th. Weiss Ratings began coverage on shares of Gold.com in a research report on Wednesday, January 14th. They issued a “hold (c-)” rating for the company. Finally, Zacks Research raised Gold.com from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gold.com has a consensus rating of “Moderate Buy” and a consensus price target of $56.50.

Institutional Trading of Gold.com

A number of institutional investors have recently modified their holdings of GOLD. Evergreen Capital Management LLC bought a new stake in shares of Gold.com in the fourth quarter worth about $2,588,000. Nations Financial Group Inc. IA ADV purchased a new stake in Gold.com in the 4th quarter worth approximately $1,319,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Gold.com in the 4th quarter worth approximately $890,000. D.A. Davidson & CO. purchased a new position in shares of Gold.com during the fourth quarter valued at approximately $628,000. Finally, Matisse Capital bought a new position in shares of Gold.com during the fourth quarter valued at approximately $248,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Gold.com Stock Down 1.0%

The company has a market capitalization of $1.32 billion, a P/E ratio of 30.85 and a beta of 0.38. The company has a quick ratio of 0.58, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

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.