Upcoming Dividend • May 13
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 20 May 2026. Payment date: 01 June 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.2%). Ankündigung • May 08
Gold.com, Inc. announces Quarterly dividend, payable on June 01, 2026 Gold.com, Inc. announced Quarterly dividend of USD 0.2000 per share payable on June 01, 2026, ex-date on May 20, 2026 and record date on May 20, 2026. Reported Earnings • May 07
Third quarter 2026 earnings released: EPS: US$2.17 (vs US$0.36 loss in 3Q 2025) Third quarter 2026 results: EPS: US$2.17 (up from US$0.36 loss in 3Q 2025). Revenue: US$10.4b (up 244% from 3Q 2025). Net income: US$59.5m (up US$68.0m from 3Q 2025). Profit margin: 0.6% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Revenue is expected to decline by 4.8% p.a. on average during the next 3 years, while revenues in the Retail Distributors industry in Europe are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Ankündigung • Apr 16
Gold.com, Inc. to Report Q3, 2026 Results on May 06, 2026 Gold.com, Inc. announced that they will report Q3, 2026 results on May 06, 2026 Ankündigung • Apr 02
Gold.com, Inc. Appoints Jamie Meadows as of CEO Minting & Refining Division Gold.com, Inc. announced the acquisition of Sunshine Minting, Inc. Concurrent with the transaction, Jamie Meadows, President of STM, will become the CEO of the Company’s newly created Minting & Refining Division and retain his position as President of STM. Ankündigung • Mar 16
Gold.com, Inc. Announces Board Changes Gold.com, Inc. announced the appointment of Juan Sartori to its Board of Directors, effective immediately. Sartori currently serves as Head of Special Projects at Tether Investments SA de CV, where he concentrates on large-scale strategic investments focused on gold, land, agriculture, and other commodities. He is also the Founder and Chairman of Union Group International Holdings, an investment and private-equity firm established in 2007 with a primary focus on Latin America. Sartori currently serves as the Executive Chairman of Elemental Royalty Corporation, a gold-focused royalty company that holds a globally diversified portfolio and, since 2025, has been the Chairman of the Board of Adecoagro, an Argentinian agro-industrial company. Sartori is co-owner of Sunderland A.F.C., Vice-President of AS Monaco Football Club, a Board member of the European Club Association, and a Board member of France’s Professional Football League. Sartori served as a Senator in the Uruguayan Parliament from February 2020 to February 2025 and holds a bachelor’s degree in business and economics from École des Hautes Études Commerciales de Lausanne (HEC Lausanne). the company also announced that longtime director Beverley Lepine will retire from the Board after more than a decade of service. Recent Insider Transactions • Feb 24
Independent Chairman recently sold €2.2m worth of stock On the 18th of February, Jeffrey Benjamin sold around 45k shares on-market at roughly €49.04 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €5.1m. Jeffrey has been a net seller over the last 12 months, reducing personal holdings by €6.3m. Recent Insider Transactions • Feb 15
Insider recently bought €304m worth of stock On the 6th of February, Giancarlo Devasini bought around 3m shares on-market at roughly €107 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €298m more in shares than they have sold in the last 12 months. Upcoming Dividend • Feb 13
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 20 February 2026. Payment date: 04 March 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (3.0%). New Risk • Feb 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.08% net profit margin). Shareholders have been diluted in the past year (22% increase in shares outstanding). Reported Earnings • Feb 06
Second quarter 2026 earnings released: EPS: US$0.47 (vs US$0.28 in 2Q 2025) Second quarter 2026 results: EPS: US$0.47 (up from US$0.28 in 2Q 2025). Revenue: US$6.48b (up 136% from 2Q 2025). Net income: US$11.6m (up 77% from 2Q 2025). Profit margin: 0.2% (in line with 2Q 2025). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Ankündigung • Feb 06
Gold.com, Inc. Declares Quarterly Cash Dividend, Payable on March 4, 2026 Gold.com’s 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 March 4, 2026 to stockholders of record as of February 20, 2026. Ankündigung • Jan 16
Gold.com, Inc. to Report Q2, 2026 Results on Feb 05, 2026 Gold.com, Inc. announced that they will report Q2, 2026 results on Feb 05, 2026 Ankündigung • Dec 03
Gold.com, Inc.(NYSE:GOLD) dropped from NASDAQ Composite Index A-Mark Precious Metals, Inc. has been dropped from the NASDAQ Composite Index. Board Change • Nov 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. Executive VP, General Counsel, Secretary & Director Carol Meltzer was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Oct 30
A-Mark Precious Metals, Inc. Announces Quarterly Cash Dividend, Payable on December 2, 2025 A-Mark Precious Metals, Inc. 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 December 2, 2025 to stockholders of record as of November 19, 2025. Ankündigung • Oct 21
A-Mark Precious Metals, Inc. to Report Q1, 2026 Results on Nov 06, 2025 A-Mark Precious Metals, Inc. announced that they will report Q1, 2026 results on Nov 06, 2025 Ankündigung • Oct 03
A-Mark Precious Metals, Inc., Annual General Meeting, Nov 12, 2025 A-Mark Precious Metals, Inc., Annual General Meeting, Nov 12, 2025. Ankündigung • Aug 26
A-Mark Precious Metals, Inc. to Report Q4, 2025 Results on Sep 09, 2025 A-Mark Precious Metals, Inc. announced that they will report Q4, 2025 results on Sep 09, 2025 Ankündigung • Jul 07
A-Mark Precious Metals, Inc. Declares Quarterly Cash Dividend, Payable in August 1, 2025 A-Mark Precious Metals Inc. 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 August 1, 2025 to stockholders of record as of July 18, 2025. Ankündigung • May 08
A-Mark Precious Metals, Inc. Re-Affirms Quarterly Cash Dividend Policy, Payable in August 2025 the Board of Directors of A-Mark Precious Metals, Inc. has re-affirmed its previously announced regular quarterly cash dividend policy of $0.20 per common share ($0.80 per share on an annual basis). The Company paid a $0.20 quarterly cash dividend on April 29, 2025 to stockholders of record as of April 15, 2025. It is expected that the next quarterly dividend will be paid in August 2025. The declaration of regular cash dividends in the future is subject to the determination each quarter by the Board of Directors, based on a number of factors, including the Company’s financial performance, available cash resources, cash requirements and alternative uses of cash and applicable bank covenants. Board Change • Apr 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. Executive VP, General Counsel, Secretary & Director Carol Meltzer was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 17
A-Mark Precious Metals, Inc. to Report Q3, 2025 Results on May 07, 2025 A-Mark Precious Metals, Inc. announced that they will report Q3, 2025 results on May 07, 2025 Ankündigung • Apr 16
A-Mark Precious Metals, Inc. Announces CFO Changes A-Mark Precious Metals, Inc. announced that its Board of Directors has appointed Cary Dickson as Chief Financial Officer effective July 1, 2025. Mr. Dickson, who previously served as the company’s CFO from November 2015 through September 2019, will re-join A-Mark on May 2, 2025 as its Executive Vice President, and will assume the role of CFO upon the departure of current CFO Kathleen Simpson-Taylor, who has informed the company of her decision to retire as of the end of the current fiscal year. Mr. Dickson most recently served as a partner of Hardesty LLC, a provider of a full range of financial services, including fractional and interim CFO services, to private equity firms and middle market companies. From 2019 to 2021, Mr. Dickson was the Chief Financial Officer of Entrepreneurial Corporate Group, a family-owned business with a portfolio of hospitality, distribution and real estate interests. He held a range of positions at Mattel, Inc. prior to joining A-Mark, including serving as a Vice President of Finance. Declared Dividend • Apr 13
Second quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 15th April 2025 Payment date: 29th April 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Apr 05
A-Mark Precious Metals, Inc. Declares Quarterly Cash Dividend, Payable on April 29, 2025 A-Mark Precious Metals Inc. 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, 2025, to stockholders of record as of April 15, 2025. Board Change • Apr 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. Executive VP, General Counsel, Secretary & Director Carol Meltzer was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Mar 11
A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) acquired 51% stake in Pinehurst Coin Exchange Inc for $6.5 million. A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) acquired 51% stake in Pinehurst Coin Exchange Inc. for $6.5 million on February 28, 2025. A-Mark paid $6.5 million in cash to acquire 51% of Pinehurst’s stock and has agreed to pay up to an additional $5.3 million in cash consideration based upon the achievement of performance benchmarks. Pinehurst generated Total Revenue of $215.8 million and EBITDA of $7.7 million during the year ended December 31, 2024
D.A. Davidson & Co. acted as financial advisor for A-Mark Precious Metals, Inc. Frye & Hsieh LLP acted as legal advisor for A-Mark Precious Metals, Inc.
A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) completed the acquisition of 51% stake in Pinehurst Coin Exchange Inc. on February 28, 2025. Ankündigung • Feb 08
A-Mark Precious Metals, Inc. Re-Affirms Previously Announced Regular Quarterly Cash Dividend Policy, Payable on April 2025 A-Mark Precious Metals, Inc.'s Board of Directors has re-affirmed its previously announced regular quarterly cash dividend policy of $0.20 per common share ($0.80 per share on an annual basis). The Company paid a $0.20 quarterly cash dividend on January 28, 2025 to stockholders of record as of January 14, 2025. It is expected that the next quarterly dividend will be paid in April 2025. Ankündigung • Jan 22
A-Mark Precious Metals, Inc. to Report Q2, 2025 Results on Feb 06, 2025 A-Mark Precious Metals, Inc. announced that they will report Q2, 2025 results on Feb 06, 2025 Ankündigung • Jan 03
A-Mark Precious Metals, Inc. Declares Quarterly Cash Dividend, Payable on January 28 A-Mark Precious Metals, Inc. 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 January 28, 2025, to stockholders of record as of January 14, 2025. Reported Earnings • Nov 07
First quarter 2025 earnings released: EPS: US$0.39 (vs US$0.81 in 1Q 2024) First quarter 2025 results: EPS: US$0.39 (down from US$0.81 in 1Q 2024). Revenue: US$2.72b (up 9.3% from 1Q 2024). Net income: US$8.98m (down 52% from 1Q 2024). Profit margin: 0.3% (down from 0.8% in 1Q 2024). Revenue is expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Retail Distributors industry in Europe are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Ankündigung • Nov 07
A-Mark Precious Metals, Inc. Reaffirms Regular Quarterly Cash Dividend Policy, Next Quarterly Dividend Payable in January 2025 A-Mark’s Board of Directors has re-affirmed its previously announced regular quarterly cash dividend policy of $0.20 per common share ($0.80 per share on an annual basis). The Company paid a $0.20 quarterly cash dividend on October 22, 2024 to stockholders of record as of October 8, 2024. It is expected that the next quarterly dividend will be paid in January 2025. The declaration of regular cash dividends in the future is subject to the determination each quarter by the Board of Directors, based on a number of factors, including the Company’s financial performance, available cash resources, cash requirements, alternative uses of cash and applicable bank covenants. Board Change • Oct 31
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Executive VP, General Counsel, Secretary & Director Carol Meltzer was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Oct 17
A-Mark Precious Metals, Inc. to Report Q1, 2025 Results on Nov 06, 2024 A-Mark Precious Metals, Inc. announced that they will report Q1, 2025 results Pre-Market on Nov 06, 2024 Ankündigung • Oct 04
A-Mark Precious Metals, Inc., Annual General Meeting, Nov 13, 2024 A-Mark Precious Metals, Inc., Annual General Meeting, Nov 13, 2024. Reported Earnings • Aug 30
Full year 2024 earnings released: EPS: US$2.87 (vs US$6.68 in FY 2023) Full year 2024 results: EPS: US$2.87 (down from US$6.68 in FY 2023). Revenue: US$9.70b (up 4.4% from FY 2023). Net income: US$66.2m (down 58% from FY 2023). Profit margin: 0.7% (down from 1.7% in FY 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Ankündigung • Aug 30
A-Mark Precious Metals, Inc. Reaffirms Regular Quarterly Cash Dividend Policy, Next Quarterly Dividend Payable in October 2024 A-Mark’s Board of Directors has re-affirmed its previously announced regular quarterly cash dividend policy of $0.20 per common share ($0.80 per share on an annual basis). The Company paid a $0.20 quarterly cash dividend on July 31, 2024 to stockholders of record as of July 18, 2024. It is expected that the next quarterly dividend will be paid in October 2024. The declaration of regular cash dividends in the future is subject to the determination each quarter by the Board of Directors, based on a number of factors, including the Company’s financial performance, available cash resources, cash requirements and alternative uses of cash and applicable bank covenants. Ankündigung • Aug 21
A-Mark Precious Metals, Inc. to Report Q4, 2024 Results on Aug 29, 2024 A-Mark Precious Metals, Inc. announced that they will report Q4, 2024 results on Aug 29, 2024 Board Change • Aug 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Executive VP, General Counsel, Secretary & Director Carol Meltzer was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Jul 08
A-Mark Precious Metals Announces Quarterly Cash Dividend, Payable on July 31, 2024 A-Mark Precious Metals, Inc. 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. Ankündigung • Jun 24
A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) acquired additional 8% stake in Silver Gold Bull Inc for $9.6 million. A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) acquired additional 8% stake in Silver Gold Bull Inc for $9.6 million on June 24, 2024. A-Mark paid $9.6 million for an additional 8% of the outstanding equity interest in SGB. For the fiscal year ended April 30, 2024, Silver Gold Bull Inc reported net sales of $467.9 million. Frye & Hsieh LLP and Fasken Martineau DuMoulin LLP acted as legal advisors to A-Mark. MLT Aikins LLP acted as legal advisor to SGB.
A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) completed the acquisition of additional 8% stake in Silver Gold Bull Inc on June 24, 2024. Recent Insider Transactions • May 14
Director & Consultant recently sold €1.6m worth of stock On the 10th of May, Michael Wittmeyer sold around 45k shares on-market at roughly €35.42 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.3m more than they bought in the last 12 months. Ankündigung • May 09
A-Mark Precious Metals, Inc. Reaffirms Regular Quarterly Cash Dividend Policy, Next Quarterly Dividend Payable in July 2024 A-Mark Precious Metals, Inc.'s Board of Directors has re-affirmed its previously announced regular quarterly cash dividend policy of $0.20 per common share ($0.80 per share on an annual basis). The Company paid a $0.20 quarterly cash dividend on April 29, 2024 to stockholders of record as of April 16, 2024. It is expected that the next quarterly dividend will be paid in July 2024. The declaration of regular cash dividends in the future is subject to the determination each quarter by the Board of Directors, based on a number of factors, including the Company’s financial performance, available cash resources, cash requirements and alternative uses of cash and applicable bank covenants. Reported Earnings • May 08
Third quarter 2024 earnings released: EPS: US$0.22 (vs US$1.53 in 3Q 2023) Third quarter 2024 results: EPS: US$0.22 (down from US$1.53 in 3Q 2023). Revenue: US$2.61b (up 13% from 3Q 2023). Net income: US$5.01m (down 86% from 3Q 2023). Profit margin: 0.2% (down from 1.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Ankündigung • Apr 17
A-Mark Precious Metals, Inc. to Report Q3, 2024 Results on May 07, 2024 A-Mark Precious Metals, Inc. announced that they will report Q3, 2024 results on May 07, 2024 New Risk • Apr 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Significant insider selling over the past 3 months (€2.0m sold). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €35.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Diversified Financial industry in Germany. Total returns to shareholders of 151% over the past three years. Ankündigung • Apr 05
A-Mark Precious Metals, Inc. Declares Quarterly Cash Dividend, Payable on April 29, 2024 A-Mark Precious Metals, Inc. 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. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Executive VP, General Counsel, Secretary & Director Carol Meltzer was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 01
Independent Director recently bought €472k worth of stock On the 27th of February, Jess Ravich bought around 20k shares on-market at roughly €23.62 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.7m more in shares than they bought in the last 12 months. Ankündigung • Feb 28
A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) completed the acquisition of Lpm Group Limited from Asset Marketing Services, LLC. A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) entered into a non-binding letter of intent to acquire Lpm Group Limited from Asset Marketing Services, LLC for $79 million on February 1, 2024. A-Mark will pay a total upfront consideration of $41.5 million, consisting of $37.5 million in cash, subject to certain closing adjustments, and $4.0 million of A-Mark common stock and an earnout up to an additional $37.5 million in cash based on achievement of certain Earnings before Interest, Taxes, Depreciation, and Amortization targets for 2024, 2025 and 2026. The proposed transactions are subject to the preparation and execution of definitive agreements and are expected to close simultaneously in February 2024, subject to the receipt of customary closing conditions and required third party consents or approvals, including the consent of the lenders under A-Marks Trading Credit Facility.D.A. Davidson & Co. acted as financial advisor, Kramer Levin Naftalis & Frankel LLP and Frye & Hsieh LLP acted as legal advisor to A-Mark Precious Metals. Houlihan Lokey, Inc. (NYSE:HLI) acted as financial advisor and Ballard Spahr LLP acted as legal advisor to Asset Marketing Services.A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) completed the acquisition of Lpm Group Limited from Asset Marketing Services, LLC on February 27, 2024. Recent Insider Transactions • Feb 15
Director & Consultant recently sold €544k worth of stock On the 13th of February, Michael Wittmeyer sold around 22k shares on-market at roughly €24.32 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €752k more than they bought in the last 12 months. Reported Earnings • Feb 07
Second quarter 2024 earnings released: EPS: US$0.60 (vs US$1.43 in 2Q 2023) Second quarter 2024 results: EPS: US$0.60 (down from US$1.43 in 2Q 2023). Revenue: US$2.08b (up 6.6% from 2Q 2023). Net income: US$13.8m (down 59% from 2Q 2023). Profit margin: 0.7% (down from 1.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Ankündigung • Feb 07
A-Mark Precious Metals, Inc. Re-Affirms Regular Quarterly Cash Dividend Policy A-Mark Precious Metals, Inc.’s Board of Directors has re-affirmed its previously announced regular quarterly cash dividend policy of $0.20 per common share ($0.80 per share on an annual basis). The Company paid a $0.20 quarterly cash dividend on January 29, 2024 to stockholders of record as of January 16, 2024. It is expected that the next quarterly dividend will be paid in April 2024. The declaration of regular cash dividends in the future is subject to the determination each quarter by the Board of Directors, based on a number of factors, including the Company’s financial performance, available cash resources, cash requirements and alternative uses of cash and applicable bank covenants. Ankündigung • Jan 17
A-Mark Precious Metals, Inc. to Report Q2, 2024 Results on Feb 06, 2024 A-Mark Precious Metals, Inc. announced that they will report Q2, 2024 results on Feb 06, 2024 Ankündigung • Jan 06
A-Mark Precious Metals Announces Quarterly Cash Dividend, Payable on January 29, 2024 A-Mark Precious Metals, Inc. 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 January 29, 2024, to stockholders of record as of January 16, 2024. New Risk • Nov 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 46% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (46% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.3% net profit margin). Significant insider selling over the past 3 months (€190k sold). Ankündigung • Nov 08
A-Mark Precious Metals, Inc. Re-Affirms Regular Quarterly Cash Dividend Policy A-Mark Precious Metals, Inc.’s Board of Directors has re-affirmed its previously announced regular quarterly cash dividend policy of $0.20 per common share ($0.80 per share on an annual basis). The Company paid a $0.20 quarterly cash dividend on October 24, 2023 to stockholders of record as of October 10, 2023. It is expected that the next quarterly dividend will be paid in January 2024. The declaration of regular cash dividends in the future is subject to the determination each quarter by the Board of Directors, based on a number of factors, including the Company’s financial performance, available cash resources, cash requirements and alternative uses of cash and applicable bank covenants. Ankündigung • Oct 19
A-Mark Precious Metals, Inc. Appoints Roy Friedman to Serve as Senior Vice President of Trading, Global Precious Metals A-Mark Precious Metals, Inc. has appointed Roy Friedman to serve as senior vice president (SVP) of trading, global precious metals, effective September 29, 2023. Friedman brings to A-Mark four decades of experience in precious metals trading, in addition to being a well-respected industry commentator. While serving as President of Manfra, Tordella & Brookes Inc. (MTB), he was responsible for all trading and sales activities. Prior to MTB, Friedman held a range of positions at several industry-leading companies, including SVP at Dillon Gage Metals where he was focused on trading and customer development. Friedman also held a senior trading position at A-Mark from 2002 to 2011. Friedman was previously a member of the COMEX, a major commodities and futures exchange in the U.S. known for its trading of precious metals, and has been a registered Commodity Trading Advisor and Commodity Pool Operator. Friedman graduated from the State University of New York at Binghamton with bachelor’s degrees in economics and political science. Ankündigung • Oct 18
A-Mark Precious Metals, Inc. to Report Q1, 2024 Results on Nov 07, 2023 A-Mark Precious Metals, Inc. announced that they will report Q1, 2024 results on Nov 07, 2023 Ankündigung • Oct 06
A-Mark Precious Metals, Inc., Annual General Meeting, Nov 15, 2023 A-Mark Precious Metals, Inc., Annual General Meeting, Nov 15, 2023, at 09:00 Pacific Standard Time. Agenda: To elect ten directors to serve for a term of one year (until the 2024 Annual Meeting of Stockholders) and until their respective successors have been duly elected and qualified; to approve, on an advisory basis, the fiscal year 2023 compensation of named executive officers of the Company, as disclosed in this Proxy Statement; to ratify the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2024; and to transact any other business that may properly come before the annual meeting or any adjournment or postponement thereof. Upcoming Dividend • Sep 29
Upcoming dividend of US$0.20 per share at 2.7% yield Eligible shareholders must have bought the stock before 06 October 2023. Payment date: 24 October 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.4%). Recent Insider Transactions • Sep 18
Director & Consultant recently sold €158k worth of stock On the 14th of September, Michael Wittmeyer sold around 5k shares on-market at roughly €32.11 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €239k more than they bought in the last 12 months. Reported Earnings • Sep 06
Full year 2023 earnings released: EPS: US$6.68 (vs US$5.81 in FY 2022) Full year 2023 results: EPS: US$6.68 (up from US$5.81 in FY 2022). Revenue: US$9.32b (up 14% from FY 2022). Net income: US$156.4m (up 18% from FY 2022). Profit margin: 1.7% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 11
A-Mark Precious Metals, Inc. to Report Q4, 2023 Results on Aug 31, 2023 A-Mark Precious Metals, Inc. announced that they will report Q4, 2023 results on Aug 31, 2023 Ankündigung • May 26
A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) completed the acquisition of 25% stake in C & C Jewellery Limited. A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) entered into a definitive agreement to acquire 25% stake in C & C Jewellery Limited for $2.75 million on February 3, 2023. The proposed transaction is expected to close in March 2023, subject to customary closing conditions. A-Mark will also be granted an option, exercisable no sooner than 24 months after the closing, to purchase an additional 24.5% ownership interest in Atkinsons which, if exercised, would increase A-Mark’s ownership interest to 49.5%.
A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) completed the acquisition of 25% stake in C & C Jewellery Limited on May 25, 2023. Ankündigung • May 13
A-Mark Precious Metals, Inc. Re-Affirms Regular Quarterly Cash Dividend Policy The board of directors of A-Mark Precious Metals, Inc. has re-affirmed its previously announced regular quarterly cash dividend policy of $0.20 per common share ($0.80 per share on an annual basis). The Company paid a $0.20 quarterly cash dividend on April 28, 2023 to stockholders of record as of April 17, 2023. It is expected that the next quarterly dividend will be paid in July 2023. The declaration of regular cash dividends in the future, including next quarter, is subject to the determination each quarter by the Board of Directors, based on several factors, including the Company’s financial performance, available cash resources, cash requirements and alternative uses of cash and applicable bank covenants. Reported Earnings • May 10
Third quarter 2023 earnings released: EPS: US$1.53 (vs US$1.64 in 3Q 2022) Third quarter 2023 results: EPS: US$1.53 (down from US$1.64 in 3Q 2022). Revenue: US$2.32b (up 9.9% from 3Q 2022). Net income: US$35.9m (down 3.9% from 3Q 2022). Profit margin: 1.6% (down from 1.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €27.68, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Diversified Financial industry in Europe. Total returns to shareholders of 713% over the past three years. Reported Earnings • Feb 07
Second quarter 2023 earnings released: EPS: US$1.43 (vs US$1.40 in 2Q 2022) Second quarter 2023 results: EPS: US$1.43 (up from US$1.40 in 2Q 2022). Revenue: US$1.95b (flat on 2Q 2022). Net income: US$33.5m (up 5.3% from 2Q 2022). Profit margin: 1.7% (up from 1.6% in 2Q 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Feb 07
A-Mark Precious Metals, Inc. Re-Affirms Regular Quarterly Cash Dividend Policy A-Mark’s Board of Directors has re-affirmed its previously announced regular quarterly cash dividend policy of $0.20 per common share ($0.80 per share on an annual basis). The Company paid a $0.20 quarterly cash dividend on January 27, 2023 to stockholders of record as of January 16, 2023. It is expected that the next quarterly dividend will be paid in April 2023. The declaration of regular cash dividends in the future is subject to the determination each quarter by the Board of Directors, based on a number of factors, including the Company’s financial performance, available cash resources, cash requirements and alternative uses of cash and applicable bank covenants. Ankündigung • Jan 18
A-Mark Precious Metals, Inc. to Report Q2, 2023 Results on Feb 06, 2023 A-Mark Precious Metals, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Feb 06, 2023 Ankündigung • Jan 11
A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) acquired 12% stake in Texas Precious Metals. LLC for $5 million. A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) acquired 12% stake in Texas Precious Metals. LLC for $5 million on January 10, 2023. In connection with the acquisition, A-Mark and TPM entered into a four-year extension of their existing exclusive supplier agreement, extending its expiration to January 2027, with automatic two-year renewals. Texas Precious Metals reported revenues of nearly $170 million for calendar year 2021. A-Mark Precious Metals, Inc. (NasdaqGS:AMRK) completed the acquisition of 12% stake in Texas Precious Metals. LLC on January 10, 2023. Ankündigung • Jan 06
A-Mark Precious Metals, Inc. Declares Quarterly Cash Dividend, Payable on January 27, 2023 A-Mark Precious Metals, Inc. 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 January 27, 2023 to stockholders of record as of January 16, 2023. Reported Earnings • Nov 09
First quarter 2023 earnings released: EPS: US$1.93 (vs US$1.16 in 1Q 2022) First quarter 2023 results: EPS: US$1.93 (up from US$1.16 in 1Q 2022). Revenue: US$1.90b (down 5.6% from 1Q 2022). Net income: US$45.1m (up 73% from 1Q 2022). Profit margin: 2.4% (up from 1.3% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Oct 19
A-Mark Precious Metals, Inc. to Report Q1, 2023 Results on Nov 08, 2022 A-Mark Precious Metals, Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 08, 2022 Upcoming Dividend • Sep 29
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 06 October 2022. Payment date: 24 October 2022. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (5.5%). In line with average of industry peers (3.0%). Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €24.14, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Diversified Financial industry in Europe. Total returns to shareholders of 427% over the past three years. Ankündigung • Sep 17
A-Mark Precious Metals, Inc., Annual General Meeting, Oct 27, 2022 A-Mark Precious Metals, Inc., Annual General Meeting, Oct 27, 2022, at 09:00 Pacific Daylight. Agenda: to elect ten directors to serve for a term of one year and until their respective successors have been duly elected and qualified; to approve, on an advisory basis, the fiscal year 2022 compensation of named executive officers of the company, as disclosed in this Proxy Statement; to approve the Amended and Restated 2014 Stock Award and Incentive Plan to increase the shares authorized for issuance, extend the Plan term to 2032 and eliminate provisions made obsolete by U.S. tax law changes; to ratify the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2023; and to transact any other business that may properly come before the annual meeting or any adjournment or postponement thereof. Reported Earnings • Aug 31
Full year 2022 earnings released: EPS: US$5.81 (vs US$9.57 in FY 2021) Full year 2022 results: EPS: US$5.81 (down from US$9.57 in FY 2021). Revenue: US$8.16b (up 7.2% from FY 2021). Net income: US$132.5m (down 17% from FY 2021). Profit margin: 1.6% (down from 2.1% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.3%, compared to a 5.5% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Aug 10
A-Mark Precious Metals, Inc. to Report Q4, 2022 Results on Aug 30, 2022 A-Mark Precious Metals, Inc. announced that they will report Q4, 2022 results on Aug 30, 2022 Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €26.14, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Diversified Financial industry in Europe. Total returns to shareholders of 459% over the past three years. Ankündigung • Jun 29
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) completed the acquisition of 40% stake in Silver Gold Bull Inc. A-Mark Precious Metals, Inc. (NASDAQ: AMRK) entered into a definitive agreement to acquire 40% stake in Silver Gold Bull Inc. for $54.1 million on April 28, 2022. A-Mark will pay approximately $44.0 million for 40% of the outstanding equity interest in SGB, implying an enterprise value of $110.0 million. Total consideration is comprised of $34.0 million in cash and $10.0 million of A-Mark common stock. For the 12 months ended March 31, 2022, Silver Gold Bull reported net sales of $633.0 million. As a condition to closing, SGB will be required to have at least $15.0 million in net tangible assets. The acquisition is expected to close in the second quarter of calendar 2022, subject to customary closing conditions and regulatory approval. As of May 9, 222, the acquisition is expected to close in the fourth quarter of fiscal 2022. D.A. Davidson & Co. is acting as financial advisor to A-Mark, and Kramer Levin Naftalis & Frankel LLP and Frye & Hsieh LLP are acting as legal advisors. MLT Aikins LLP is acting as legal advisor to SGB.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) completed the acquisition of 40% stake in Silver Gold Bull Inc. on June 27, 2022. In accordance with the definitive agreement, the total consideration paid at the closing consisted of $34 million in cash and 253,928 shares of A-Mark common stock. As a result of this transaction, A-Mark now owns 47.4% of the outstanding equity of SGB. A-Mark will have the right, subject to further review under applicable Canadian Competition laws, to purchase an additional 27.7% of the outstanding equity of SGB to bring its ownership interest to 75%. The option is exercisable between months 18 and 27 following closing. In connection with the increased investment in SGB, A-Mark’s Chief Financial Officer, Kathleen Simpson-Taylor, was appointed to SGB’s board of directors, joining A-Mark’s Chief Executive Officer, Greg Roberts. Fasken Martineau DuMoulin LLP acted as legal advisor to A-Mark while Blake, Cassels & Graydon LLP? (Competition Matters) acted as legal advisor to SGB. Recent Insider Transactions • Jun 12
Director & CEO of JM Bullion recently sold €385k worth of stock On the 7th of June, Michael Wittmeyer sold around 12k shares on-market at roughly €32.73 per share. In the last 3 months, they made an even bigger sale worth €2.4m. Insiders have been net sellers, collectively disposing of €6.3m more than they bought in the last 12 months. Recent Insider Transactions • Jun 03
Director & CEO of JM Bullion recently sold €2.2m worth of stock On the 31st of May, Michael Wittmeyer sold around 31k shares on-market at roughly €72.35 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.9m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 27% share price gain to €73.10, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Diversified Financial industry in Europe. Total returns to shareholders of 654% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €144 per share. Reported Earnings • May 06
Third quarter 2022 earnings released: EPS: US$3.27 (vs US$9.54 in 3Q 2021) Third quarter 2022 results: EPS: US$3.27 (down from US$9.54 in 3Q 2021). Revenue: US$2.11b (up 2.9% from 3Q 2021). Net income: US$37.4m (down 51% from 3Q 2021). Profit margin: 1.8% (down from 3.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.6%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 87% per year whereas the company’s share price has increased by 85% per year. Buying Opportunity • May 02
Now 20% undervalued Over the last 90 days, the stock is up 31%. The fair value is estimated to be €89.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings is forecast to decline by 9.0% per annum over the same time period.