ValuEngine Downgrades A-Mark Precious Metals (AMRK) to Strong Sell

A-Mark Precious Metals (NASDAQ:AMRK) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Wednesday, May 9th.

Several other analysts have also recently weighed in on the company. Zacks Investment Research raised A-Mark Precious Metals from a “sell” rating to a “hold” rating and set a $13.00 price target for the company in a report on Friday, February 9th. B. Riley lowered their price objective on A-Mark Precious Metals from $17.50 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th.

NASDAQ:AMRK opened at $12.97 on Wednesday. The company has a market cap of $91.82 million, a P/E ratio of 81.63 and a beta of 0.03. The company has a quick ratio of 0.34, a current ratio of 1.07 and a debt-to-equity ratio of 0.10. A-Mark Precious Metals has a 1-year low of $13.27 and a 1-year high of $13.27.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Tuesday, May 8th. The company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.28). The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.54 billion. A-Mark Precious Metals had a return on equity of 1.59% and a net margin of 0.01%. equities research analysts forecast that A-Mark Precious Metals will post -0.11 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in A-Mark Precious Metals by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 313,079 shares of the company’s stock worth $3,835,000 after acquiring an additional 10,916 shares during the period. Wedbush Securities Inc. increased its stake in A-Mark Precious Metals by 53.4% during the 1st quarter. Wedbush Securities Inc. now owns 59,455 shares of the company’s stock worth $728,000 after acquiring an additional 20,709 shares during the period. Finally, Cove Street Capital LLC increased its stake in A-Mark Precious Metals by 23.7% during the 4th quarter. Cove Street Capital LLC now owns 80,000 shares of the company’s stock worth $1,172,000 after acquiring an additional 15,310 shares during the period. Hedge funds and other institutional investors own 20.21% of the company’s stock.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company worldwide. The company offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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