DA Davidson raised the firm’s price target on A-Mark Precious Metals to $44 from $42 and keeps a Buy rating on the shares. The analyst says the company is a leader in the precious metals space, going to market with a unique vertically integrated model, including both a robust direct to customer platform and a wholesale segment, among other business lines. The stock also trades at a “relatively undemanding” multiple of 7-times its expected 2025 EPS, the firm tells investors in a research note.
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