A-Mark Precious Metals (NASDAQ:AMRK) Upgraded by Zacks Investment Research to “Hold”

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Zacks Investment Research upgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “A-Mark Precious Metals, Inc. operates as a full service precious metals trading company offering a wide array of products and services. The Company’s products include gold, silver, platinum and palladium for storage and delivery in the form of coins, bars, wafers and grain. Its services include financing, leasing, consignment, hedging and a variety of customized financial programs. The Company’s clients include coin and metal dealers, investors, collectors, mines, manufacturers, refiners, jewelers, investment advisors, merchants, commodity brokerage houses and central banks. A-Mark Precious Metals, Inc. is based in Santa Monica, California. “

Separately, ValuEngine upgraded GameStop from a sell rating to a hold rating in a research report on Sunday, June 9th.

Shares of AMRK opened at $11.80 on Wednesday. The firm has a market cap of $82.97 million, a price-to-earnings ratio of 31.05 and a beta of 0.05. The business has a 50 day moving average price of $12.77. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.19. A-Mark Precious Metals has a 52 week low of $10.45 and a 52 week high of $14.14.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Thursday, May 9th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.05 by $0.09. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. As a group, sell-side analysts forecast that A-Mark Precious Metals will post 0.51 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Granite Investment Partners LLC acquired a new position in shares of A-Mark Precious Metals in the 1st quarter worth approximately $379,000. O Shaughnessy Asset Management LLC acquired a new position in A-Mark Precious Metals during the 1st quarter valued at approximately $59,000. Wedbush Securities Inc. boosted its position in A-Mark Precious Metals by 18.5% during the 1st quarter. Wedbush Securities Inc. now owns 116,295 shares of the company’s stock valued at $1,384,000 after purchasing an additional 18,132 shares during the period. Cannell Capital LLC boosted its position in A-Mark Precious Metals by 18.1% during the 4th quarter. Cannell Capital LLC now owns 14,990 shares of the company’s stock valued at $177,000 after purchasing an additional 2,300 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in A-Mark Precious Metals by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 333,243 shares of the company’s stock valued at $3,929,000 after purchasing an additional 14,359 shares during the period. Institutional investors own 21.66% of the company’s stock.

A-Mark Precious Metals Company Profile

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.

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