Gold.com Inc. (NYSE:GOLD) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Gold.com Inc. (NYSE:GOLD) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $59.75.

Several research firms have recently weighed in on GOLD. Roth Mkm set a $52.00 price objective on shares of Gold.com in a report on Thursday, May 7th. Weiss Ratings upgraded Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Canaccord Genuity Group initiated coverage on Gold.com in a research report on Tuesday, June 9th. They issued a “buy” rating and a $70.00 price objective for the company. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a research note on Tuesday, April 28th. Finally, Zacks Research lowered Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday.

Gold.com Stock Down 0.3%

Shares of Gold.com stock opened at $43.86 on Friday. Gold.com has a 12-month low of $20.55 and a 12-month high of $66.70. The firm has a market cap of $1.27 billion, a PE ratio of 15.02 and a beta of 0.55. The stock’s 50-day moving average price is $42.51. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11.

Gold.com (NYSE:GOLD) last released its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $1.62. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $4.81 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. On average, equities analysts anticipate that Gold.com will post 5.31 earnings per share for the current year.

Gold.com Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Gold.com’s payout ratio is currently 27.40%.

Gold.com declared that its Board of Directors has initiated a stock buyback program on Wednesday, April 8th that authorizes the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other Gold.com news, CEO Gregory N. Roberts sold 40,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total transaction of $1,663,200.00. Following the sale, the chief executive officer owned 28,202 shares of the company’s stock, valued at $1,172,639.16. This represents a 58.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Tether Global Investments Fund acquired 530,338 shares of the stock in a transaction on Tuesday, May 5th. The stock was bought at an average price of $44.50 per share, with a total value of $23,600,041.00. Following the transaction, the insider directly owned 3,370,787 shares in the company, valued at approximately $150,000,021.50. This represents a 18.67% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 730,338 shares of company stock worth $31,842,096. 0.63% of the stock is owned by corporate insiders.

Institutional Trading of Gold.com

A number of hedge funds and other institutional investors have recently modified their holdings of GOLD. Charles Schwab Investment Management Inc. bought a new stake in shares of Gold.com during the fourth quarter worth $32,408,000. Jacobs Asset Management LLC acquired a new position in shares of Gold.com during the fourth quarter valued at $10,215,000. Bard Associates Inc. bought a new position in Gold.com in the fourth quarter valued at about $3,078,000. Gamco Investors INC. ET AL bought a new position in Gold.com in the fourth quarter valued at about $1,083,000. Finally, Simcoe Capital LLC acquired a new stake in Gold.com in the fourth quarter worth about $3,134,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

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.