Gold.com Inc. (NYSE:GOLD) Receives $59.75 Consensus Target Price from Brokerages

Shares of Gold.com Inc. (NYSE:GOLD) have earned a consensus rating of “Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $59.75.

Several research firms have issued reports on GOLD. Roth Mkm set a $52.00 price target on shares of Gold.com in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. DA Davidson restated a “buy” rating and issued a $60.00 price target on shares of Gold.com in a research report on Tuesday, April 28th. Canaccord Genuity Group began coverage on shares of Gold.com in a research report on Tuesday, June 9th. They issued a “buy” rating and a $70.00 price target on the stock. Finally, Zacks Research upgraded shares of Gold.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st.

Insiders Place Their Bets

In other Gold.com news, major shareholder Tether Global Investments Fund purchased 530,338 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were purchased at an average price of $44.50 per share, for a total transaction of $23,600,041.00. Following the completion of the transaction, the insider owned 3,370,787 shares in the company, valued at $150,000,021.50. This represents a 18.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory N. Roberts sold 40,000 shares of Gold.com stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $41.58, for a total transaction of $1,663,200.00. Following the completion of the transaction, the chief executive officer owned 28,202 shares in the company, valued at approximately $1,172,639.16. This trade represents a 58.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 730,338 shares of company stock worth $31,842,096 and have sold 90,000 shares worth $3,723,200. 23.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gold.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank boosted its stake in Gold.com by 1.4% in the 1st quarter. Swiss National Bank now owns 36,500 shares of the company’s stock worth $1,463,000 after purchasing an additional 500 shares during the period. CWM LLC acquired a new position in Gold.com in the 4th quarter worth approximately $35,000. Larson Financial Group LLC acquired a new position in Gold.com in the 4th quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd acquired a new position in Gold.com in the 4th quarter worth approximately $42,000. Finally, State of Alaska Department of Revenue acquired a new position in Gold.com in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Gold.com Price Performance

NYSE GOLD opened at $43.75 on Tuesday. Gold.com has a 12 month low of $20.54 and a 12 month high of $66.70. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 14.98 and a beta of 0.53. The company’s 50 day moving average is $43.26.

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

Gold.com Announces Dividend

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

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