Zacks Research Upgrades Gold.com (NYSE:GOLD) to Strong-Buy

Gold.com (NYSE:GOLD) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. DA Davidson reiterated a “buy” rating and set a $60.00 target price on shares of Gold.com in a research note on Tuesday, April 28th. Weiss Ratings upgraded shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Roth Mkm set a $52.00 price target on shares of Gold.com in a report on Thursday, May 7th. Finally, Northland Securities raised shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $56.33.

Gold.com Price Performance

NYSE:GOLD opened at $40.10 on Monday. The firm has a market cap of $1.16 billion, a PE ratio of 13.73 and a beta of 0.53. Gold.com has a one year low of $20.13 and a one year high of $66.70. The firm’s fifty day moving average is $43.24. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11.

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

Gold.com announced that its board has authorized a stock buyback program on Wednesday, April 8th that permits the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization permits the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, CEO Gregory N. Roberts sold 40,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. This represents a 58.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder William A. Richardson sold 20,000 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $40.00, for a total transaction of $800,000.00. Following the completion of the sale, the insider directly owned 277,400 shares in the company, valued at approximately $11,096,000. The trade was a 6.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders acquired 730,338 shares of company stock worth $31,842,096 and sold 117,618 shares worth $5,117,189. 23.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Gold.com

Several large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. bought a new stake in Gold.com during the 4th quarter worth about $32,408,000. Gamco Investors INC. ET AL bought a new stake in Gold.com during the 4th quarter worth about $1,083,000. Simcoe Capital LLC bought a new stake in Gold.com during the 4th quarter worth about $3,134,000. Massachusetts Financial Services Co. MA bought a new stake in Gold.com during the 4th quarter worth about $890,000. Finally, Evergreen Capital Management LLC bought a new stake in Gold.com during the 4th quarter worth about $2,588,000. Institutional investors own 62.85% of the company’s stock.

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.