Gold.com (NYSE:GOLD) Reaches New 1-Year High After Analyst Upgrade

Gold.com Inc. (NYSE:GOLD) hit a new 52-week high during mid-day trading on Wednesday after DA Davidson raised their price target on the stock from $45.00 to $53.00. DA Davidson currently has a buy rating on the stock. Gold.com traded as high as $52.92 and last traded at $51.20, with a volume of 2104644 shares traded. The stock had previously closed at $44.10.

Several other equities research analysts also recently commented on the company. Weiss Ratings started coverage on Gold.com in a report on Wednesday, January 14th. They set a “hold (c-)” rating for the company. Zacks Research upgraded shares of Gold.com from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Gold.com in a research note on Friday, January 16th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.50.

Hedge Funds Weigh In On Gold.com

Large investors have recently bought and sold shares of the stock. Daytona Street Capital LLC bought a new stake in shares of Gold.com in the 4th quarter worth $68,000. Massachusetts Financial Services Co. MA purchased a new position in Gold.com during the fourth quarter worth about $890,000. State of Alaska Department of Revenue bought a new stake in Gold.com in the 4th quarter worth about $44,000. CWM LLC bought a new stake in Gold.com in the 4th quarter worth about $35,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in Gold.com in the 4th quarter valued at about $1,319,000. 62.85% of the stock is currently owned by institutional investors.

Gold.com Stock Performance

The stock has a market capitalization of $1.33 billion, a P/E ratio of 29.23 and a beta of 0.38. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.42.

Gold.com Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.