A-Mark Precious MetalsAMRK Market cap $1.02B
About: A-Mark Precious Metals Inc is a precious metal trading company. It is principally engaged in the wholesale of gold, silver, platinum, copper, and palladium bullion and related products in the form of bars, wafers, coins, and grains. The company's operating segment includes Wholesale Sales and Ancillary Services; Secured Lending and Direct-to-Consumer. It generates maximum revenue from the Wholesale Trading and Ancillary Services segment. The Wholesale Trading and Ancillary Services segment comprises business units such as Industrial, Coin and Bar, Trading and Finance, Storage, Logistics, and Mint. Geographically, it derives a majority of its revenue from the United States and the rest from Europe, Asia Pacific, Australia, Africa, and other regions.
Employees: 489
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
156% more call options, than puts
Call options by funds: $41.9M | Put options by funds: $16.3M
100% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 4 (+2) [Q2]
57% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 30
13% more funds holding
Funds holding: 136 [Q1] → 153 (+17) [Q2]
1% more capital invested
Capital invested by funds: $465M [Q1] → $470M (+$5.37M) [Q2]
2.83% less ownership
Funds ownership: 66.27% [Q1] → 63.44% (-2.83%) [Q2]
13% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 47
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
DA Davidson Michael Baker 59% 1-year accuracy 20 / 34 met price target | 18%upside $52 | Buy Maintained | 30 Sept 2024 |
DA Davidson Michael Baker 59% 1-year accuracy 20 / 34 met price target | 7%upside $47 | Buy Maintained | 5 Sept 2024 |