Gold.com (NYSE:GOLD) Director Sells $2,042,600.00 in Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 35,000 shares of Gold.com stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $58.36, for a total value of $2,042,600.00. Following the completion of the transaction, the director owned 691,000 shares of the company’s stock, valued at approximately $40,326,760. This trade represents a 4.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Gold.com Stock Performance

NYSE:GOLD traded down $1.87 during midday trading on Monday, hitting $56.95. 756,998 shares of the company traded hands, compared to its average volume of 920,926. The firm has a market capitalization of $1.44 billion, a PE ratio of 121.17 and a beta of 0.40. Gold.com Inc. has a 12-month low of $19.39 and a 12-month high of $66.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.21.

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

Gold.com Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, February 20th. Gold.com’s payout ratio is 170.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings started coverage on Gold.com in a report on Wednesday, January 14th. They set a “hold (c-)” rating for the company. Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research report on Friday, February 6th. DA Davidson upped their price target on shares of Gold.com from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Zacks Research raised shares of Gold.com from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Roth Mkm set a $60.00 price objective on shares of Gold.com in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $59.00.

Hedge Funds Weigh In On Gold.com

Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC purchased a new position in Gold.com during the fourth quarter valued at approximately $35,000. Larson Financial Group LLC bought a new stake in Gold.com during the 4th quarter valued at $41,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Gold.com in the 4th quarter valued at $42,000. State of Alaska Department of Revenue bought a new position in shares of Gold.com in the 4th quarter worth $44,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of Gold.com during the 4th quarter worth $55,000. 62.85% of the stock is currently owned by 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.