A-Mark Precious Metals Gets a Hold Rating from B.Riley FBR

In a report released today, Sarkis Sherbetchyan from B.Riley FBR maintained a Hold rating on A-Mark Precious Metals (NASDAQ: AMRK), with a price target of $16. The company’s shares closed yesterday at $13.30.

According to TipRanks.com, Sherbetchyan is a 4-star analyst with an average return of 14.0% and a 69.4% success rate. Sherbetchyan covers the Consumer Goods sector, focusing on stocks such as Lightpath Technologies, Vishay Precision Group, and Ferroglobe PLC.

A-Mark Precious Metals has an analyst consensus of Hold, with a price target consensus of $16.

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Based on A-Mark Precious Metals’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $205K. In comparison, last year the company had a net profit of $1.17 million.

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A-Mark Precious Metals, Inc. engages in the operation of trading of precious metals. It wholesales gold, silver, platinum and palladium bullion and related products, such as bars, wafers, grain, and coins. The company was founded by Steven C. Markoff on April 9, 1965 and is headquartered in Santa Monica, CA.