SLV - A-Mark Precious Metals: Buy The Dip With Gold At All-Time High

2024-03-24 00:57:13 ET

Summary

• A-Mark results have been pressured by lower market premiums for gold and silver physical.
• The company continues to consolidate market share with an outlook supported by overall solid fundamentals.
• We are bullish on the stock and expect earnings to benefit as higher gold and silver prices drive a resurgence of demand for bullion and coins.

A-Mark Precious Metals, Inc. ( AMRK ) has likely frustrated investors with shares stuck in a relatively tight range since its pandemic-era breakout. Count us in that group as we last covered the stock early last year taking a bullish view on the company recognized as the leader in precious metals services....

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