Gold.com (NYSE:GOLD) Releases Earnings Results, Misses Estimates By $0.55 EPS

Gold.com (NYSE:GOLD) posted its earnings results on Wednesday. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.55), RTT News reports. The company had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. During the same period in the previous year, the business posted $0.41 earnings per share.

Gold.com Stock Performance

Shares of NYSE:GOLD opened at $43.76 on Thursday. Gold.com has a 52 week low of $22.00 and a 52 week high of $66.70. The stock has a market capitalization of $1.27 billion, a P/E ratio of 14.99 and a beta of 0.56. The firm has a fifty day simple moving average of $42.42 and a two-hundred day simple moving average of $44.67. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11.

Analyst Ratings Changes

Several research analysts have commented on GOLD shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Canaccord Genuity Group assumed coverage on Gold.com in a research report on Tuesday, June 9th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Roth Capital set a $52.00 price target on Gold.com in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.75.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC bought a new stake in Gold.com during the fourth quarter worth approximately $15,790,000. Intech Investment Management LLC bought a new stake in shares of Gold.com in the 4th quarter valued at approximately $229,000. BNP Paribas Financial Markets bought a new stake in shares of Gold.com in the 4th quarter valued at approximately $4,505,000. Goldman Sachs Group Inc. purchased a new position in shares of Gold.com in the 4th quarter worth approximately $5,644,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Gold.com in the 4th quarter worth approximately $1,139,000. 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.