Gold.com (NYSE:GOLD) Trading 13% Higher Following Analyst Upgrade

Gold.com Inc. (NYSE:GOLD)’s stock price was up 13% during mid-day trading on Tuesday after DA Davidson raised their price target on the stock from $45.00 to $53.00. DA Davidson currently has a buy rating on the stock. Gold.com traded as high as $50.99 and last traded at $49.8220. Approximately 426,119 shares traded hands during trading, a decline of 30% from the average daily volume of 610,448 shares. The stock had previously closed at $44.10.

GOLD has been the topic of a number of other research reports. Weiss Ratings began coverage on Gold.com in a research note on Wednesday, January 14th. They set a “hold (c-)” rating on the stock. Zacks Research upgraded Gold.com from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Gold.com in a research report on Friday, January 16th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.50.

Institutional Investors Weigh In On Gold.com

Several institutional investors have recently bought and sold shares of GOLD. CWM LLC acquired a new stake in Gold.com in the fourth quarter worth about $35,000. State of Alaska Department of Revenue acquired a new position in shares of Gold.com during the fourth quarter valued at about $44,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of Gold.com in the 4th quarter valued at approximately $1,319,000. Massachusetts Financial Services Co. MA acquired a new stake in Gold.com in the 4th quarter worth approximately $890,000. Finally, Daytona Street Capital LLC acquired a new stake in Gold.com in the 4th quarter worth approximately $68,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Gold.com Stock Performance

The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 182.79 and a beta of 0.38.

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.