Key Points
- Director sale: On March 2, director Jeffrey Benjamin sold 25,000 shares for $56.73 each, totaling $1,418,250 and reducing his holding by 4.39% to 544,664 shares (SEC filing).
- Strong quarterly beat but dividend concern: Gold.com reported Q4 EPS of $0.91 vs. $0.70 expected and revenue of $6.48B vs. $3.41B expected, and declared a $0.20 quarterly dividend (annualized $0.80, 1.4% yield) despite a high dividend payout ratio of 170.21%.
- Analyst sentiment: Multiple brokerages upgraded the stock recently, giving an average rating of "Buy" and a consensus price target of $59.00.
Gold.com Inc. (NYSE:GOLD - Get Free Report) Director Jeffrey Benjamin sold 25,000 shares of Gold.com stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $56.73, for a total value of $1,418,250.00. Following the sale, the director directly owned 544,664 shares of the company's stock, valued at $30,898,788.72. This represents a 4.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Gold.com Stock Down 0.5%
NYSE GOLD opened at $56.09 on Thursday. The firm has a market cap of $1.42 billion, a PE ratio of 119.34 and a beta of 0.40. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. Gold.com Inc. has a 52-week low of $19.39 and a 52-week high of $66.70.
Gold.com (NYSE:GOLD - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.21. The business had revenue of $6.48 billion during 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 was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were issued a $0.20 dividend. The ex-dividend date was Friday, February 20th. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. Gold.com's dividend payout ratio (DPR) is currently 170.21%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on GOLD. Zacks Research upgraded Gold.com from a "hold" rating to a "strong-buy" rating in a report on Monday, February 9th. Northland Securities upgraded Gold.com from a "market perform" rating to an "outperform" rating and set a $57.00 target price on the stock in a report on Friday, February 6th. Roth Mkm set a $60.00 price objective on Gold.com in a research report on Wednesday, January 28th. Weiss Ratings started coverage on shares of Gold.com in a research report on Wednesday, January 14th. They issued a "hold (c-)" rating on the stock. Finally, DA Davidson upped their price target on Gold.com from $53.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $59.00.
Get Our Latest Stock Report on Gold.com
Institutional Investors Weigh In On Gold.com
Large investors have recently made changes to their positions in the company. CWM LLC purchased a new stake in Gold.com during the fourth quarter valued at approximately $35,000. Larson Financial Group LLC bought a new stake in Gold.com during the 4th quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd bought a new stake in Gold.com during the 4th quarter worth approximately $42,000. State of Alaska Department of Revenue purchased a new position in Gold.com during the fourth quarter valued at approximately $44,000. Finally, New York State Teachers Retirement System bought a new position in shares of Gold.com in the fourth quarter worth approximately $55,000. 62.85% of the stock is currently owned by institutional investors.
About Gold.com
(
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.
Further Reading
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