B. Riley analyst Lucas Pipes lowered the firm’s price target on A-Mark Precious Metals to $41 from $45 and keeps a Buy rating on the shares. The company’s major headwinds in fiscal Q1 were increased supply, particularly in silver, and uncertain demand, which together led to compression in premiums, the analyst tells investors in a research note. The firm reduced estimates post the quarter.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AMRK:
- A-Mark Precious Metals increases share repurchase pact to 2M shares
- A-Mark Precious Metals Increases Share Repurchase Program
- A-Mark Precious Metals price target lowered to $44 from $66 at DA Davidson
- A-Mark Precious Metals price target lowered to $40 from $50 at Northland
- A-Mark Precious Metals reports Q1 EPS 77c, consensus $1.12
