DA Davidson Reiterates Buy Rating on A-Mark Precious Metals (AMRK) Following Profit Beat

DA Davidson analyst Michael Baker reiterated a Buy rating and $29.00 price target on A-Mark Precious Metals (NASDAQ: AMRK).

The analyst commented, "After a strong start in April around the market volatility associated with Liberation Day, the last few months have seen little turmoil and strong and consistent equity markets. Historically, this type of environment is not good for AMRK’s profits. But despite that, AMRK was able to beat consensus profit forecasts by a relatively large margin, coming in at $29.2M versus the Street average estimate of $24.8M. The beat was despite continued lackluster demand, which was more than offset by a significant gross margin beat as AMRK integrated recent acquisitions."

For an analyst ratings summary and ratings history on A-Mark Precious Metals click here. For more ratings news on A-Mark Precious Metals click here.

Shares of A-Mark Precious Metals closed at $24.45 yesterday.

You May Also Be Interested In

• Reddit to join S&P 500 index on Aug. 18, shares leap
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recover
• Belite Bio (BLTE) Reiterated at Buy by Benchmark on Tinlarebant NDA Acceptance by FDA