Gold.com (NYSE:GOLD) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Gold.com (NYSE:GOLD) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on the stock. Northland Securities upgraded shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Friday, February 6th. Roth Mkm set a $60.00 target price on Gold.com in a research report on Wednesday, January 28th. DA Davidson increased their price target on shares of Gold.com from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Weiss Ratings initiated coverage on shares of Gold.com in a research report on Wednesday, January 14th. They issued a “hold (c-)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $59.00.

Gold.com Price Performance

Shares of Gold.com stock traded down $1.30 on Monday, hitting $61.30. The company’s stock had a trading volume of 457,618 shares, compared to its average volume of 903,049. The firm has a market capitalization of $1.55 billion, a PE ratio of 130.59 and a beta of 0.41. Gold.com has a 52-week low of $19.39 and a 52-week high of $66.70. The company has a quick ratio of 0.58, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

Gold.com (NYSE:GOLD) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.21. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $3.41 billion. Gold.com had a net margin of 0.08% and a return on equity of 7.56%.

Gold.com Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 20th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, February 20th. Gold.com’s payout ratio is presently 170.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GOLD. CWM LLC bought a new stake in Gold.com during the fourth quarter worth approximately $35,000. Larson Financial Group LLC acquired a new position in Gold.com in the 4th quarter valued at $41,000. State of Alaska Department of Revenue bought a new position in Gold.com in the 4th quarter worth $44,000. New York State Teachers Retirement System acquired a new position in Gold.com during the 4th quarter worth $55,000. Finally, Daytona Street Capital LLC bought a new stake in Gold.com during the fourth quarter valued at about $68,000. 62.85% of the stock is owned by institutional investors.

Gold.com Company Profile

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.