As previously reported, Maxim initiated coverage of A-Mark Precious Metals with a Buy rating and $63 price target. The firm notes A-Mark operates a vertically integrated global precious metals e-commerce platform. Exposure is fully hedged, so it does not need the metals to appreciate to make money, Maxim adds. The firm views A-Mark as an effective hedge against black swan events and systemic risk, as spreads typically widen during market volatility.
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Read More on AMRK:
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