A Mark Precious Metals: Analysts Bullish on Undervalued Stock

DA Davidson's Michael Baker raised their price target on A Mark Precious Metals (NASDAQ: AMRK) by 4.8% from $42 to $44 on 2024/04/10. The analyst maintained their Strong Buy rating on the stock.

According to the analyst, AMRK is currently trading at a "relatively undemanding" multiple of 7x its projected 2025 earnings per share. Baker highlighted that the company operates with a unique vertically integrated model, which includes a robust direct-to-consumer (DTC) platform and a wholesale segment, among other business lines.

Investors may find it encouraging that 100% of top-rated analysts currently rate AMRK as a Strong Buy or Buy, with no analysts suggesting a Hold recommendation. Additionally, none of the analysts recommend or strongly recommend selling the stock.

Looking at the stock's performance, since AMRK's last quarterly report on December 31, 2023, the price has increased by 31.5%. On a year-over-year basis, the stock is up 9.8%. However, during the same period, AMRK has been trailing behind the S&P 500, which has seen a gain of 25.6%.

DA Davidson analyst Michael Baker ranks in the top 3% out of 4,540 Wall Street analysts according to WallStreetZen. With an average return of 16% and a win rate of 68.5%, Baker specializes in analyzing the Financial Services and Industrials sectors, among others.

A-Mark Precious Metals, Inc. is a precious metals trading company that operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment offers various precious metals products and ancillary services such as financing, storage, and logistics. The Direct-to-Consumer segment provides access to a range of precious metals products through websites and marketplaces. The company also operates as a direct retailer of precious metals and offers its products through television, radio, and the internet. Lastly, the Secured Lending segment originates and acquires commercial loans secured by bullion and numismatic coins.

A-Mark Precious Metals serves a diverse range of customers, including financial institutions, bullion retailers, sovereign mints, refiners, coin and metal dealers, investors, collectors, and e-commerce and retail customers. The company has operations in various regions, including the United States, Europe, Asia Pacific, Africa, and Australia.

Founded in 1965 and headquartered in El Segundo, California, A-Mark Precious Metals has established itself as a prominent player in the precious metals space. With its unique vertically integrated model and strong analyst support, AMRK continues to attract attention from investors seeking exposure to the precious metals market.

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WallStreetZen and Don Francis do not hold any positions in the companies mentioned in this article. The information and statistics provided herein are presented for general informational purposes only and may not be accurate, complete, or up-to-date. It should not be interpreted as a recommendation to buy or sell any stocks and should not be solely relied upon for making investment decisions. It does not take into account your financial situation or risk profile. All investors should conduct their own investment due diligence before buying a stock. WallStreetZen expressly disclaims any liability for the accuracy, reliability, or completeness of the analysts' information, price targets, ratings, or opinions.