Gold.com (NYSE:GOLD) Trading Down 8% – Here’s What Happened

Gold.com Inc. (NYSE:GOLD) shares dropped 8% during mid-day trading on Thursday . The stock traded as low as $39.92 and last traded at $39.7010. Approximately 278,306 shares changed hands during trading, a decline of 65% from the average daily volume of 796,516 shares. The stock had previously closed at $43.13.

Analyst Upgrades and Downgrades

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

Gold.com Stock Down 8.7%

The company has a market capitalization of $996.31 million, a price-to-earnings ratio of 83.83 and a beta of 0.40. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $51.61.

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

Gold.com Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, February 20th. Gold.com’s dividend payout ratio (DPR) is presently 170.21%.

Insider Buying and Selling at Gold.com

In related news, Director Jeffrey D. Benjamin sold 24,683 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $50.17, for a total transaction of $1,238,346.11. Following the completion of the transaction, the director owned 502,506 shares in the company, valued at approximately $25,210,726.02. The trade was a 4.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Carol Meltzer sold 2,000 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $56.38, for a total transaction of $112,760.00. Following the transaction, the executive vice president owned 23,500 shares of the company’s stock, valued at approximately $1,324,930. The trade was a 7.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 484,239 shares of company stock valued at $29,056,403. Corporate insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. CWM LLC purchased 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 fourth quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd purchased a new position in Gold.com in the fourth quarter valued at approximately $42,000. State of Alaska Department of Revenue purchased a new position in Gold.com in the fourth quarter valued at approximately $44,000. Finally, New York State Teachers Retirement System acquired a new stake in Gold.com during the fourth quarter worth approximately $55,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

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.