AMRK - A-Mark Precious Metals Sees Volume Opportunities Despite Margin Compression: Analyst | Benzinga
B. Riley Securities analyst Lucas N. Pipes lowered the price target on A-Mark Precious Metals Inc (NASDAQ: AMRK) to $45 from $54 and maintained a Buy rating.
The analyst updated the estimates following the company's filing of 10-K last week.
Pipes reduced estimates for Q1 FY24 EPS to $0.97 from $1.38 per share on lower DTC margins and adjusted EBITDA to $32.3 million from $45.3 million, with expected average price for gold and silver ...