B. Riley lowered the firm’s price target on A-Mark Precious Metals to $33 from $41 and keeps a Buy rating on the shares. On the fiscal Q2 conference call, management noted that demand continues to be weak, with ample silver supply in the market, the analyst tells investors in a research note. The firm says A-Mark remains cautiously optimistic that macro headwinds will subside and the platform will continue to deliver solid results despite the persistent low-margin environment.
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Read More on AMRK:
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