A-Mark Precious Metals (AMRK) is Initiated by Singular Research to Buy, Price Target at $23

A-Mark Precious Metals (AMRK) is Initiated by Singular Research to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $23. The shares recommendation by the Brokerage Firm was released on Dec-28-2015.

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has dropped 1.87% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 12.64% in the last 4 weeks. The shares has underperformed the S&P 500 by 4.51% during the past week but A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has outperformed the index in 4 weeks by 14.23%.

During the last several months other analysts have commented on the company rating. B. Riley maintains their rating on the shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $16 per share from $15 per share. The rating by the firm was issued on November 9, 2015.

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) : On Thursday heightened volatility was witnessed in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) which led to swings in the share price. The shares opened for trading at $17.63 and hit $18.37 on the upside , eventually ending the session at $17.6736, with a gain of 0.08% or 0.0136 points. The heightened volatility saw the trading volume jump to 9,117 shares. The 52-week high of the share price is $19.15 and the company has a market cap of $123 million. The 52-week low of the share price is at $9.57 .

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (EVP & Chief Operating Officer) of A-Mark Precious Metals, Inc., Gjerdrum Thor sold 7,500 shares at $16.48 on December 16, 2015. The Insider selling transaction had a total value worth of $123,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

A-Mark Precious Metals, Inc. (A-Mark), and its subsidiaries, are a full-service precious metals trading company. The Company’s products include gold, silver, platinum and palladium for storage and delivery in the form of coins, bars, wafers and grain. Its trading-related services include financing, consignment, hedging and various customized financial programs. The Company’s products include gold, silver, platinum and palladium for storage and delivery in the form of coins, bars, wafers and grain. Its customers purchase a variety of products from the Company in a multitude grades primarily in the form of coins and bars. Its clients include coin and metal dealers, investors, collectors, mines, manufacturers, refiners, jewelers, investment advisors, merchants, commodity brokerage houses and central banks. The Company is an official distributor for many Government Mints throughout the world.