Maxim Group analyst Tom Forte reiterated a Buy rating on A-Mark Precious Metals yesterday and set a price target of $63.00.
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Tom Forte’s rating is based on a combination of factors that suggest a positive outlook for A-Mark Precious Metals. Despite the company’s profitability falling short of expectations in the first fiscal quarter of 2026, the revenue exceeded forecasts, indicating robust sales performance. Management has highlighted a short-term inflection point with profitability trends improving in September and October, following slower trends earlier in the year. This suggests a potential turnaround in the company’s financial performance.
Additionally, A-Mark’s strategic initiatives, such as the planned move to the NYSE and a name change to Gold.com, are expected to enhance its market presence. The company has also strengthened its financial position by increasing cash reserves and reducing debt, which provides ample capital for future growth initiatives. Furthermore, the stock is trading at a lower EV/EBITDA multiple compared to its peers, indicating potential undervaluation. These factors contribute to the Buy rating, with a 12-month price target based on a 10-year discounted cash flow analysis.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMRK in relation to earlier this year.