Today’s Dividend Action: Can A-Mark Precious Metals, Inc. (NASDAQ:AMRK) truly back claims of $0.07 dividends by Dec 1, 2016?

Today's Dividend Action: Can A Mark Precious Metals, Inc. (NASDAQ:AMRK) truly back claims of $0.07 dividends by Dec 1, 2016?

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) is expected to pay $0.07 on Dec 1, 2016. The indicated annual dividend is $0.28. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on A-Mark Precious Metals, Inc.’s current price of $15.42, the dividend is 0.45%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 4, 2016. The stock increased 2.46% or $0.37 on November 7, hitting $15.42. A-Mark Precious Metals Inc (NASDAQ:AMRK) has declined 25.09% since April 5, 2016 and is downtrending. It has underperformed by 27.04% the S&P500.

A-Mark Precious Metals, Inc. is a precious metal trading company. The company has a market cap of $108.27 million. The Firm is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It has a 11.86 P/E ratio. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase accounts, and trade quotes in a variety of foreign currencies.

A-Mark Precious Metals Inc (NASDAQ:AMRK) Ratings Coverage

Out of 3 analysts covering A-Mark Precious Metals (NASDAQ:AMRK), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $23.0 is the highest target while $15 is the lowest. The $19.50 average target is 26.46% above today’s ($15.42) stock price. A-Mark Precious Metals has been the topic of 5 analyst reports since September 25, 2015 according to StockzIntelligence Inc. B. Riley & Co downgraded A-Mark Precious Metals Inc (NASDAQ:AMRK) on Monday, February 8 to “Neutral” rating. The stock of A-Mark Precious Metals Inc (NASDAQ:AMRK) earned “Buy” rating by B. Riley & Co on Friday, September 25. The stock of A-Mark Precious Metals Inc (NASDAQ:AMRK) earned “Buy” rating by B. Riley & Co on Monday, November 9. The stock has “Buy” rating given by Singular Research on Monday, December 28. The rating was initiated by Berenberg on Tuesday, April 26 with “Hold”.

More recent A-Mark Precious Metals Inc (NASDAQ:AMRK) news were published by: Nasdaq.com which released: “A-Mark Precious Metals Maintains $0.07 per Share Quarterly Dividend for the …” on November 05, 2016. Also Globenewswire.com published the news titled: “A-Mark Precious Metals Sets Fiscal First Quarter 2017 Earnings Call for Monday …” on November 01, 2016. Latimes.com‘s news article titled: “A-Mark Precious Metals may profit from increased awareness” with publication date: July 07, 2014 was also an interesting one.

AMRK Company Profile

A-Mark Precious Metals, Inc., incorporated on December 19, 2013, is a precious metal trading company. The Firm is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers secure storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies. It operates through various business units for accounting purposes, including Industrial, Coin and Bar, Trading, Finance, Collateral Finance Corporation (CFC), Transcontinental Depository Services (TDS) and Logistics. It is a distributor of gold and silver coins for all of the sovereign mints and various private mints. The sovereign mints include the United States Mint, the Australian (Perth) Mint, the Austrian Mint, the Royal Canadian Mint, the China Mint, Banco de Mexico, the South African Mint (Rand Refinery) and the Royal Mint (the United Kingdom).

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