Northland analyst Greg Gibas downgraded A-Mark Precious Metals to Market Perform from Outperform after the company reported fiscal Q3 results that missed the firm’s and consensus expectations, driven by a combination of softened demand, premium compression, and elevated gold and silver prices. Demand has been softer than expected and there is limited visibility on when a more sustained recovery in the precious metals environment for A-Mark will occur, the analyst tells investors.
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