AMRK - A-Mark Precious Metals: A Good Name For Gold Bugs
2024-04-07 09:33:52 ET
Summary
- A-Mark Precious Metals' shares have fallen 20% since reaching a 52-week high in June 2023 due to soft supply-demand dynamics.
- The company's recent acquisition of Hong Kong-based LPM Group could lead to an earnings turnaround by providing access to the Asian market.
- With a share repurchase program and a current yield of over 2.4%, insider buying in A-Mark suggests potential value in the stock.
- A full investment analysis follows in the paragraphs below.
Shares of gold and silver trading platform A-Mark Precious Metals, Inc. ( AMRK ) are down some 20% since reaching a 52-week high in June 2023, as its silver supply-demand dynamics remain soft. As a result, the company's gross margins have been squeezed; however, a recent acquisition that provides it an entrée into the Asian market could spark an earnings turnaround. Gold is also now trading at an all-time high. With a share repurchase program and over a 2.4% current yield as the U.S. heads into an (always) uncertain election season, the recent insider buying in A-Mark merited a deeper dive. An analysis follows below....
A-Mark Precious Metals: A Good Name For Gold Bugs