MARKET COMPOSITE
AMRK - A-Mark Precious Metals Inc8:00:00 PM 3/28/2024
Price
$30.69
+ 0.64 (2.13%)
A-Mark Precious Metals -- founded in 1965 as A Mark Coin Company -- is a precious metals trading company. It was the first company allowed to make and sell coins from the metals recovered in the shipwreck of SS Gairsoppa. As of 2018 it was a Fortune 500 company. In 2020 it fell off the Fortune 500 to the Fortune 1000.It offers gold, silver, platinum and palladium products for storage and delivery. This can be stored via bars, coins, grain and wafers. Greg Manning Auctions Inc. bought a majority stake in A-Mark for $16 million in 2005. Thereafter, the firm changed its name to Escala Group, then to Spectrum Group International Inc. In 2009, it purchased the remainder of A-Mark. In 2014, Spectrum spun off A-Mark so that it could be publicly traded.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue2.1B-32%
Gross Profit46MM-50%
Cost Of Revenue2B-32%
Operating Income18.4MM-74%
Operating Expenses27.6MM-
Net Income13.8MM-74%
G&A22.4MM+13%
Amortization2.2MM+10%
Interest Expense10.2MM+30%
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Stock news

    EL SEGUNDO, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- JM Bullion, Inc. (JMB), a leading e-commerce retailer of precious metals and wholly-owned subsidiary of A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), has acquired the gold.com domain. With this acquisition, JMB now owns both gold.com and silver.com, two of the most recognizable domains in the precious metals industry. “The acquisition of the gold.com domain represents a significant investment in our direct-to-consumer growth strategy

    EL SEGUNDO, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has closed its previously announced transactions with AMS Holding, LLC (AMS), a leading collector platform for the marketing and sales of vintage and modern coins. This transaction included the acquisition of LPM Group Limited (LPM), one of Asia’s largest precious metals dealers. “Today is a significant day for A-Mark, as we complete the

    Kingdom Capital Advisors, a private investment firm, released its fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. The strategy returned 5.35% (net of fees) in the fourth quarter compared to 14.03%, 11.69%, and 14.60% returns for the Russell 2000 TR, S&P 500 Index TR, and the NASDAQ 100 TR, respectively. In […]

    Michael Wittmeyer, a director at A-Mark Precious Metals Inc (NASDAQ:AMRK), sold 45,058 shares of the company on February 15, 2024, according to a recent SEC Filing.

    Director Michael Wittmeyer of A-Mark Precious Metals Inc (NASDAQ:AMRK) has sold 22,383 shares of the company on February 13, 2024, according to a recent SEC Filing.

    A-Mark Precious Metals ( NASDAQ:AMRK ) Second Quarter 2024 Results Key Financial Results Revenue: US$2.08b (up 6.6...

    A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Q2 2024 Earnings Call Transcript February 6, 2024 A-Mark Precious Metals, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good afternoon, and welcome to the A-Mark Precious Metals Conference Call for the Fiscal Second […]

    Q2 2024 A-Mark Precious Metals Inc Earnings Call

    A-Mark (AMRK) delivered earnings and revenue surprises of -26.83% and 7.76%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?

    Q2 FY 2024 Diluted Earnings Per Share of $0.57 Repurchase of 440,092 Common Shares for $12 Million Asset Backed Securitization Notes Payable paid off at Maturity Company reaffirms regular quarterly cash dividend policy of $0.20 per share EL SEGUNDO, Calif., Feb. 06, 2024 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a leading fully integrated precious metals platform, reported results for the fiscal second quarter ended December 31, 2023. Management Commentary “Our second quar