Key Points
- Director sale: Gold.com director Jeffrey Benjamin sold 2,935 shares on March 6 at an average of $53.03 for about $155,643, leaving him with 527,189 shares (a 0.55% decrease) valued at roughly $27.96M.
- Quarterly results & dividend: Gold.com reported $0.91 EPS versus $0.70 expected and revenue of $6.48B versus $3.41B expected; the company also paid a quarterly dividend of $0.20 (annualized $0.80, yield 1.6%) with a payout ratio of 170.21%.
- Analyst view and valuation: Analysts hold a consensus Buy with an average target of $59, while the stock trades at a high P/E of 107.71 and a market cap of about $1.28B.
Gold.com Inc. (NYSE:GOLD - Get Free Report) Director Jeffrey Benjamin sold 2,935 shares of the company's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $53.03, for a total transaction of $155,643.05. Following the sale, the director directly owned 527,189 shares in the company, valued at approximately $27,956,832.67. The trade was a 0.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Gold.com Trading Up 1.0%
Gold.com stock opened at $50.63 on Wednesday. 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 Inc. has a 52-week low of $19.39 and a 52-week high of $66.70. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 107.71 and a beta of 0.40.
Gold.com (NYSE:GOLD - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.70 by $0.21. Gold.com had a net margin of 0.08% and a return on equity of 7.56%. The business had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $3.41 billion.
Gold.com Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, February 20th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, February 20th. Gold.com's payout ratio is presently 170.21%.
Institutional Trading of Gold.com
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Daytona Street Capital LLC purchased a new position in Gold.com during the 4th quarter worth $68,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Gold.com during the 4th quarter worth approximately $890,000. State of Alaska Department of Revenue acquired a new stake in Gold.com in the fourth quarter valued at $44,000. CWM LLC purchased a new position in Gold.com during the 4th quarter valued at about $35,000. Finally, Nations Financial Group Inc. IA ADV purchased a new position in shares of Gold.com during the 4th quarter worth approximately $1,319,000. 62.85% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have issued reports on GOLD. Zacks Research raised Gold.com from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 9th. Weiss Ratings began coverage on shares of Gold.com in a research note on Wednesday, January 14th. They set a "hold (c-)" rating on the stock. DA Davidson raised their target price on shares of Gold.com from $53.00 to $60.00 and gave the company a "buy" rating in a report on Friday, February 6th. Northland Securities raised shares of Gold.com from a "market perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a research report on Friday, February 6th. Finally, Roth Mkm set a $60.00 target price on Gold.com in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $59.00.
Get Our Latest Stock Report on Gold.com
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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