Key Points
- Director Jeffrey Benjamin sold 25,000 shares on Feb. 25 at an average price of $56.25 for a total of $1,406,250, leaving him with 619,664 shares (a 3.88% reduction).
- Gold.com posted a strong quarter with EPS $0.91 vs. $0.70 expected and revenue of $6.48 billion vs. $3.41 billion expected, and the stock trades near its 12‑month high with a market cap around $1.45 billion.
- The company announced a quarterly dividend of $0.20 per share (annualized $0.80, 1.4% yield) despite a high payout ratio of 170.21%; analysts rate the stock an average "Buy" with a $59 consensus target and institutions own about 62.85% of the shares.
Gold.com Inc. (NYSE:GOLD - Get Free Report) Director Jeffrey Benjamin sold 25,000 shares of the business's stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $56.25, for a total transaction of $1,406,250.00. Following the completion of the sale, the director directly owned 619,664 shares in the company, valued at approximately $34,856,100. This represents a 3.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Gold.com Stock Up 2.0%
Shares of NYSE:GOLD opened at $57.49 on Friday. The firm has a market cap of $1.45 billion, a P/E ratio of 122.33 and a beta of 0.41. Gold.com Inc. has a 12-month low of $19.39 and a 12-month high of $66.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.66.
Gold.com (NYSE:GOLD - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.21. The firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $3.41 billion. Gold.com had a return on equity of 7.56% and a net margin of 0.08%.
Gold.com Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, February 20th. Gold.com's dividend payout ratio is currently 170.21%.
Hedge Funds Weigh In On Gold.com
Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP acquired a new stake in shares of Gold.com in the 4th quarter valued at about $40,273,000. Charles Schwab Investment Management Inc. bought a new position in Gold.com in the fourth quarter worth approximately $32,408,000. Jacobs Levy Equity Management Inc. acquired a new stake in Gold.com in the fourth quarter valued at approximately $17,971,000. Geode Capital Management LLC acquired a new stake in Gold.com in the fourth quarter valued at approximately $15,790,000. Finally, State Street Corp bought a new stake in shares of Gold.com during the fourth quarter valued at approximately $15,019,000. Institutional investors and hedge funds own 62.85% of the company's stock.
Analysts Set New Price Targets
GOLD has been the subject of several recent analyst reports. DA Davidson increased their price objective on shares of Gold.com from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Zacks Research upgraded Gold.com from a "hold" rating to a "strong-buy" rating in a report on Monday, February 9th. Weiss Ratings initiated coverage on Gold.com in a research report on Wednesday, January 14th. They issued a "hold (c-)" rating for the company. Roth Mkm set a $60.00 target price on Gold.com in a research report on Wednesday, January 28th. Finally, Northland Securities raised Gold.com from a "market perform" rating to an "outperform" rating and set a $57.00 target price for the company in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Gold.com currently has an average rating of "Buy" and a consensus price target of $59.00.
Check Out Our Latest Stock Report on GOLD
Gold.com Company Profile
(
Get Free Report)
A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.
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