Gold.com (NYSE:GOLD) Now Covered by Canaccord Genuity Group

Analysts at Canaccord Genuity Group assumed coverage on shares of Gold.com (NYSE:GOLD) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the stock.

GOLD has been the subject of several other research reports. Zacks Research upgraded Gold.com from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. Weiss Ratings upgraded shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. DA Davidson reaffirmed a “buy” rating and set a $60.00 price objective on shares of Gold.com in a research report on Tuesday, April 28th. Finally, Roth Mkm set a $52.00 target price on shares of Gold.com in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $59.75.

Gold.com Price Performance

Shares of GOLD opened at $40.50 on Tuesday. The company has a market cap of $1.17 billion, a P/E ratio of 13.87 and a beta of 0.53. 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 has a one year low of $20.54 and a one year high of $66.70. The stock has a fifty day moving average price of $42.99.

Gold.com (NYSE:GOLD) last released its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $1.62. The company had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. Analysts anticipate that Gold.com will post 5.31 earnings per share for the current year.

Gold.com declared that its Board of Directors has approved a stock repurchase program on Wednesday, April 8th that permits the company to repurchase 2,000,000,000,000 shares. This repurchase authorization permits the company to purchase up to 7.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Gold.com news, major shareholder Tether Global Investments Fund purchased 58,536 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $43.11 per share, with a total value of $2,523,486.96. Following the acquisition, the insider directly owned 200,000 shares of the company’s stock, valued at $8,622,000. This represents a 41.38% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory N. Roberts sold 40,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. This represents a 58.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have acquired 730,338 shares of company stock worth $31,842,096 and have sold 90,000 shares worth $3,723,200. Corporate insiders own 23.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. CWM LLC acquired a new stake in Gold.com during the fourth quarter valued at approximately $35,000. Larson Financial Group LLC acquired a new position in shares of Gold.com in the 4th quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Gold.com during the 4th quarter worth approximately $42,000. State of Alaska Department of Revenue bought a new position in shares of Gold.com during the 4th quarter worth approximately $44,000. Finally, New York State Teachers Retirement System acquired a new stake in Gold.com in the 4th quarter valued at $55,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

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.