Gold.com (NYSE:GOLD) Sets New 52-Week High – Here’s Why

Gold.com Inc. (NYSE:GOLD) shares reached a new 52-week high during trading on Thursday . The company traded as high as $43.73 and last traded at $43.23, with a volume of 99568 shares traded. The stock had previously closed at $42.67.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GOLD. Roth Mkm reissued a “buy” rating and issued a $50.00 target price on shares of Gold.com in a research note on Friday, January 16th. Zacks Research raised shares of Gold.com from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Finally, Weiss Ratings began coverage on shares of Gold.com in a research note on Wednesday, January 14th. They issued a “hold (c-)” rating for the company. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Gold.com presently has an average rating of “Hold” and an average target price of $50.00.

Gold.com Stock Up 2.4%

The company has a market cap of $1.08 billion, a P/E ratio of 156.61 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.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gold.com stock. Daytona Street Capital LLC bought a new position in Gold.com Inc. (NYSE:GOLD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $68,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

About Gold.com

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.