Key Points
- Major shareholder Tether Global Investments Fund bought 40,141 shares of Gold.com at $41.36 each, a $1.66 million purchase that increased its stake by 39.62%. The fund has also made several other large buys in recent days.
- Gold.com reported strong quarterly results, posting $3.06 EPS versus the $1.44 estimate and $10.35 billion in revenue versus $4.81 billion expected. Analysts now expect the company to earn 5.31 EPS for the year.
- The company is returning cash to shareholders through a quarterly dividend of $0.20 per share and a buyback authorization that allows repurchases of up to 7.9% of outstanding shares. Wall Street’s consensus rating remains a “Moderate Buy” with a $56.33 price target.
Gold.com Inc. (NYSE:GOLD - Get Free Report) major shareholder Tether Global Investments Fund purchased 40,141 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $41.36 per share, with a total value of $1,660,231.76. Following the completion of the acquisition, the insider owned 141,464 shares in the company, valued at $5,850,951.04. The trade was a 39.62% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Tether Global Investments Fund also recently made the following trade(s):
- On Wednesday, May 20th, Tether Global Investments Fund acquired 56,590 shares of Gold.com stock. The stock was purchased at an average cost of $40.57 per share, for a total transaction of $2,295,856.30.
- On Tuesday, May 19th, Tether Global Investments Fund bought 44,733 shares of Gold.com stock. The shares were purchased at an average cost of $39.40 per share, with a total value of $1,762,480.20.
- On Tuesday, May 5th, Tether Global Investments Fund bought 530,338 shares of Gold.com stock. The stock was acquired at an average cost of $44.50 per share, with a total value of $23,600,041.00.
Gold.com Stock Up 1.8%
NYSE GOLD opened at $41.77 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.21 billion, a P/E ratio of 14.30 and a beta of 0.55. Gold.com Inc. has a 12-month low of $19.39 and a 12-month high of $66.70. The firm has a 50-day simple moving average of $43.92.
Gold.com (NYSE:GOLD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $1.62. The business had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $4.81 billion. Gold.com had a return on equity of 17.82% and a net margin of 0.35%. Equities analysts expect that Gold.com Inc. will post 5.31 EPS for the current year.
Gold.com announced that its Board of Directors has authorized a share buyback plan on Wednesday, April 8th that allows the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization allows the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.
Gold.com Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.80 annualized dividend and a yield of 1.9%. Gold.com's dividend payout ratio is presently 27.40%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on GOLD. DA Davidson reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Gold.com in a research note on Tuesday, April 28th. Weiss Ratings upgraded shares of Gold.com from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday. Zacks Research downgraded shares of Gold.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 7th. Northland Securities raised shares of Gold.com from a "market perform" rating to an "outperform" rating and set a $57.00 target price on the stock in a research note on Friday, February 6th. Finally, Roth Mkm set a $52.00 price target on Gold.com in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $56.33.
Read Our Latest Stock Analysis on GOLD
Institutional Trading of Gold.com
Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP bought a new position in Gold.com in the fourth quarter worth approximately $40,273,000. Charles Schwab Investment Management Inc. bought a new position in Gold.com during the 4th quarter valued at $32,408,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Gold.com in the fourth quarter valued at approximately $17,971,000. Geode Capital Management LLC bought a new position in shares of Gold.com in the fourth quarter valued at approximately $15,790,000. Finally, State Street Corp bought a new stake in Gold.com in the fourth quarter worth about $15,019,000. Institutional investors own 62.85% of the company's stock.
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.
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