A-Mark Precious Metals (NASDAQ:AMRK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The firm currently has a $13.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.68% from the company’s previous close.

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. “

Several other equities research analysts also recently commented on AMRK. B. Riley reaffirmed a “neutral” rating and set a $16.50 target price (up from $16.00) on shares of A-Mark Precious Metals in a report on Monday, September 17th. TheStreet downgraded A-Mark Precious Metals from a “c” rating to a “d+” rating in a report on Monday, September 24th. Finally, ValuEngine lowered A-Mark Precious Metals from a “buy” rating to a “hold” rating in a research report on Wednesday.

Shares of NASDAQ AMRK traded down $0.36 during mid-day trading on Thursday, hitting $11.64. 6,312 shares of the company traded hands, compared to its average volume of 6,602. A-Mark Precious Metals has a 1 year low of $10.39 and a 1 year high of $14.77. The company has a market cap of $84.72 million, a price-to-earnings ratio of -194.00 and a beta of 0.10. The company has a quick ratio of 0.72, a current ratio of 1.23 and a debt-to-equity ratio of 1.33.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its earnings results on Thursday, November 8th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.08 by $0.13. A-Mark Precious Metals had a positive return on equity of 0.79% and a negative net margin of 0.03%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.72 billion. As a group, sell-side analysts expect that A-Mark Precious Metals will post 0.64 EPS for the current fiscal year.

In related news, President Thor Gjerdrum sold 4,070 shares of the company’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $12.08, for a total transaction of $49,165.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder William A. Richardson purchased 8,900 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The shares were acquired at an average cost of $12.50 per share, for a total transaction of $111,250.00. Following the completion of the transaction, the insider now directly owns 265,088 shares of the company’s stock, valued at approximately $3,313,600. The disclosure for this purchase can be found here. Insiders have sold 6,570 shares of company stock worth $79,101 over the last three months. 39.50% of the stock is owned by insiders.

A hedge fund recently raised its stake in A-Mark Precious Metals stock. Wedbush Securities Inc. boosted its holdings in shares of A-Mark Precious Metals Inc (NASDAQ:AMRK) by 36.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,733 shares of the company’s stock after buying an additional 23,382 shares during the period. Wedbush Securities Inc. owned approximately 1.23% of A-Mark Precious Metals worth $1,129,000 as of its most recent filing with the Securities and Exchange Commission. 19.81% of the stock is owned by hedge funds and other institutional investors.

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.

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