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

Gold.com Inc. (NYSE:GOLD) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $59.75.

GOLD has been the subject of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and set a $60.00 target price on shares of Gold.com in a research note on Tuesday, April 28th. Roth Capital set a $52.00 price target on Gold.com in a research note on Thursday, May 7th. Weiss Ratings upgraded Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Canaccord Genuity Group initiated coverage on Gold.com in a report on Tuesday, June 9th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Zacks Research downgraded shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st.

Insiders Place Their Bets

In other Gold.com news, CEO Gregory N. Roberts sold 40,000 shares of Gold.com stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total value of $1,663,200.00. Following the completion of the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. The trade was a 58.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Tether Global Investments Fund purchased 58,536 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $43.11 per share, with a total value of $2,523,486.96. Following the completion of the purchase, the insider owned 200,000 shares of the company’s stock, valued at approximately $8,622,000. This represents a 41.38% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 730,338 shares of company stock valued at $31,842,096 over the last 90 days. Corporate insiders own 23.10% of the company’s stock.

Institutional Trading of Gold.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Daytona Street Capital LLC acquired a new position in Gold.com during the 4th quarter worth approximately $68,000. Massachusetts Financial Services Co. MA acquired a new stake in Gold.com in the fourth quarter valued at approximately $890,000. State of Alaska Department of Revenue acquired a new stake in Gold.com in the fourth quarter valued at approximately $44,000. CWM LLC bought a new stake in shares of Gold.com during the fourth quarter valued at approximately $35,000. Finally, Nations Financial Group Inc. IA ADV bought a new stake in shares of Gold.com during the fourth quarter valued at approximately $1,319,000. 62.85% of the stock is owned by institutional investors.

Gold.com Trading Down 0.9%

Shares of Gold.com stock opened at $40.74 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18. The stock’s 50-day simple moving average is $41.38. Gold.com has a 1-year low of $20.55 and a 1-year high of $66.70. The firm has a market cap of $1.18 billion, a P/E ratio of 13.95 and a beta of 0.55.

Gold.com (NYSE:GOLD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $1.44 by $1.62. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $4.81 billion. Gold.com had a return on equity of 17.82% and a net margin of 0.35%. Equities research analysts forecast that Gold.com will post 5.31 EPS for the current fiscal year.

Gold.com Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.80 annualized dividend and a yield of 2.0%. Gold.com’s dividend 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 purchase up to 7.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

About Gold.com

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.