EL SEGUNDO, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share, maintaining the company's current dividend program. The dividend is payable on July 31, 2024, to stockholders of record as of July 18, 2024. About A-Mark Precious Metals Founded in 1965, A-Mark Precious Metals, Inc. is a leading fully integrated pr ...

kbwills/iStock via Getty Images I am a gold bug. My reasons for being one are numerous least of all where across time and geography gold has remained valuable (As a timeless store of value, a medium of exchange, a hedge against economic turmoil, and a transcendent cultural symbol). Comparisons of gold against emerging technologies such as Bitcoin as "digital gold" is a moot point (These simply haven't stood the test of time, have higher volatility, and are yet to prove themselves as a safe haven, but I ...

With the fear trade running at full speed, it might be time to look at gold trading firm A-Mark Precious Metals (NASDAQ:AMRK). Providing various services for investors, including wholesale distribution, secured lending and direct-to-consumer networks, A-Mark offers a one-stop shop for gold, silver, platinum and palladium bars, ingots and coins. Given the extraordinary bullish sentiment for gold, AMRK stock stands on fertile ground.Last month, CBS News reported that big-box retailer Costco (NASDAQ:COST) has ...

Exhibit 99.1 A-Mark Precious Metals Reports Fiscal Third Quarter 2024 Results Q3 FY 2024 Diluted Earnings Per Share of $0.21 Repurchased 204,396 Common Shares for $5 Million Expanded into Asia with the Previously Announced Acquisition of LPM Group Limited Company Reaffirms Regular Quarterly Cash Dividend Policy of $0.20 per share El Segundo, CA – May 7, 2024 – A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a leading fully integrated precious metals platform, reported results for the fiscal third quarter ended ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-36347 A-MARK PRECIOUS METALS, INC. (Exact name of registrant as specified in its charter) Delaware (State of Incorporati ...

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Q3 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Greg Roberts - CEO Kathleen Simpson Taylor - CFO Thor Gjerdrum - President Conference Call Participants Mike Baker - D.A. Davidson Lucas Pipes - B. Riley Andrew Scutt - ROTH MKM Greg Gibas - Northland Securities Operator Good afternoon and welcome to the A-Mark Precious Metals Conference Call for the Fiscal Third Quarter ended March 31st, 2024. My name is Matthew, and I will be your operat ...

A-Mark Precious Metals (AMRK) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $2 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -53.33%. A quarter ago, it was expected that this precious metals trading company would post earnings of $1.23 per share when it actually produced earnings of $0.90, delivering a surprise of -26.83%.Over the la ...

Company Overview - A-Mark Precious Metals, Inc. is a leading fully integrated precious metals platform founded in 1965, offering a range of products including gold, silver, platinum, palladium, and copper bullion, as well as numismatic coins [3] - The company operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending [3] Wholesale Sales & Ancillary Services - This segment distributes and purchases precious metal products from various mints, including the U.S. Mint, and has longstanding distributorships with other sovereign mints [4] - A-Mark sells over 200 different products to various customers, including e-commerce retailers, financial institutions, and industrial users [4] Direct-to-Consumer Segment - A-Mark operates as an omni-channel retailer through subsidiaries like JM Bullion and Goldline, providing access to a wide array of precious metal products [6][7] - JM Bullion operates multiple branded websites targeting specific niches within the precious metals market and offers a platform for purchasing fractional shares of digital precious metals [7] Secured Lending Segment - The Secured Lending segment is managed through Collateral Finance Corporation, which originates and acquires loans secured by bullion and numismatic coins [8] Upcoming Conference Call - A-Mark will hold a conference call on May 7, 2024, at 4:30 p.m. Eastern time to discuss its fiscal third quarter results for the period ending March 31, 2024 [1] - Financial results will be released prior to the call, and a replay will be available after the call until May 21, 2024 [2]

Core Viewpoint - A-Mark Precious Metals, Inc. has experienced a 20% decline in share price since its 52-week high in June 2023, primarily due to soft silver supply-demand dynamics, but a recent acquisition in Asia may lead to an earnings turnaround [3] Company Overview - A-Mark Precious Metals, Inc. is a fully integrated downstream precious metals platform offering a range of products including gold, silver, platinum, palladium, and copper bullion, as well as numismatic coins [4] - The company was founded in 1965 and went public in 2014, with shares currently trading around $32.50, giving it a market cap of approximately $750 million [4] Recent Developments - A-Mark's recent acquisition of Hong Kong-based LPM Group Limited for $41.5 million, with potential earnouts of $37.5 million, marks its entry into the Asian market [5] - The company has repurchased 611,360 shares in the first half of FY24, representing nearly 3% of total outstanding shares [12] Financial Performance - For FY23, A-Mark reported income before taxes of $90.5 million on revenue of $7.29 billion, reflecting a 13% increase in income and a 21% increase in revenue compared to FY22 [8] - The Direct-to-Consumer segment generated FY23 income before taxes of $110.9 million on revenue of $2.00 billion, despite a 14% decrease in silver sales volume [9] - In 2Q FY24, the company reported earnings of $0.72 per share and Adj. EBITDA of $25.1 million on revenue of $2.08 billion, representing significant decreases from the previous year [11] Market Context - The precious metals market has been influenced by inflation, global supply chain issues, and geopolitical tensions, benefiting A-Mark in the past [10] - The stock reached an all-time high of $44.60 in April 2022 but has since declined due to disappointing operational performance [10] Analyst Sentiment - A-Mark's balance sheet remains solid with cash of $28.5 million against debt of $298 million, resulting in a net leverage of 1.6 [12] - Analysts maintain a positive outlook with one outperform and three buy ratings, expecting earnings of $3.03 per share on revenue of $8.96 billion in FY24 [12] - Board member Jess Ravich's recent purchase of 20,000 shares at an average price of $25.63 indicates confidence in the company's future [13] Future Outlook - The acquisition in Asia is expected to enhance A-Mark's capabilities and product offerings, potentially leading to improved financial performance [14] - The current share price presents an attractive entry point, trading at just over 10 times FY24E EPS and 6.5 times FY25E EPS [14]

EL SEGUNDO, Calif., April 05, 2024 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ:AMRK) (A-Mark), a leading fully integrated precious metals platform, today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share, maintaining the company's current dividend program. The dividend is payable on April 29, 2024, to stockholders of record as of April 16, 2024. About A-Mark Precious MetalsFounded in 1965, A-Mark Precious Metals, Inc. is a leading fully integrated p ...