Key Points
- Director Jeffrey Benjamin sold 14,540 shares at an average price of $56.80 on March 4 for $825,872, cutting his ownership by 2.67% to 530,124 shares; the trade was disclosed in an SEC filing.
- Gold.com beat quarterly expectations with $0.91 EPS versus $0.70 expected and revenue of $6.48B versus $3.41B, and declared a $0.20 quarterly dividend (annualized $0.80; yield ~1.5%; payout ratio 170%).
- Market and analyst snapshot: shares were down about 3.8% (opened at $52.50; 1-year range $19.39–$66.70), institutional investors hold 62.85% of the stock, and analysts’ consensus is a "Buy" with a $59 price target.
Gold.com Inc. (NYSE:GOLD - Get Free Report) Director Jeffrey Benjamin sold 14,540 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $56.80, for a total transaction of $825,872.00. Following the completion of the transaction, the director owned 530,124 shares in the company, valued at approximately $30,111,043.20. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Gold.com Stock Down 3.8%
Shares of GOLD opened at $52.50 on Friday. Gold.com Inc. has a 1-year low of $19.39 and a 1-year high of $66.70. The company has a market capitalization of $1.33 billion, a P/E ratio of 111.70 and a beta of 0.40. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43.
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, topping analysts' consensus estimates of $0.70 by $0.21. The business had revenue of $6.48 billion during the quarter, compared to analysts' expectations of $3.41 billion. Gold.com had a net margin of 0.08% and a return on equity of 7.56%.
Gold.com Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, February 20th were given a $0.20 dividend. The ex-dividend date was Friday, February 20th. This represents a $0.80 annualized dividend and a yield of 1.5%. Gold.com's payout ratio is 170.21%.
Institutional Investors Weigh In On Gold.com
A number of hedge funds and other institutional investors have recently modified their holdings of GOLD. CWM LLC purchased a new stake in Gold.com during the 4th quarter valued at about $35,000. Larson Financial Group LLC bought a new stake in Gold.com in the fourth quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd bought a new stake in Gold.com in the fourth quarter valued at approximately $42,000. State of Alaska Department of Revenue purchased a new stake in shares of 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. Institutional investors own 62.85% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on GOLD. Northland Securities raised Gold.com from a "market perform" rating to an "outperform" rating and set a $57.00 price target for the company in a research note on Friday, February 6th. DA Davidson boosted their target price on Gold.com from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Weiss Ratings started coverage on shares of Gold.com in a research report on Wednesday, January 14th. They set a "hold (c-)" rating on the stock. Zacks Research raised shares of Gold.com from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 9th. Finally, Roth Mkm set a $60.00 price objective on shares of Gold.com in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Gold.com currently has an average rating of "Buy" and a consensus price target of $59.00.
Get Our Latest Analysis 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.
Further Reading
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