Gold.com (NYSE:GOLD) Trading 6.5% Higher – Here’s Why
by Scott Moore · The Cerbat GemShares of Gold.com Inc. (NYSE:GOLD – Get Free Report) traded up 6.5% on Friday . The company traded as high as $48.70 and last traded at $48.8820. 90,325 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 614,182 shares. The stock had previously closed at $45.88.
Analyst Ratings Changes
Several analysts recently weighed in on the company. DA Davidson restated a “buy” rating and set a $60.00 price objective on shares of Gold.com in a research report on Thursday, September 3rd. Zacks Research downgraded shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Canaccord Genuity Group cut their target price on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Finally, Northland Securities set a $55.00 price target on shares of Gold.com in a report on Thursday, September 3rd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.00.
Gold.com Price Performance
The company has a 50 day moving average price of $42.90 and a 200-day moving average price of $44.11. 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 company has a market cap of $1.41 billion, a price-to-earnings ratio of 16.63 and a beta of 0.56.
Gold.com (NYSE:GOLD – Get Free Report) last posted its earnings results on Wednesday, September 2nd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.55). Gold.com had a return on equity of 18.15% and a net margin of 0.32%.The business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. As a group, equities research analysts predict that Gold.com Inc. will post 3.73 EPS for the current fiscal year.
Gold.com Dividend Announcement
The company also recently disclosed a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, September 16th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. Gold.com’s dividend payout ratio is currently 27.40%.
Insider Activity
In other Gold.com news, major shareholder Tether Global Investments Fund acquired 100,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were bought at an average cost of $39.30 per share, with a total value of $3,930,000.00. Following the purchase, the insider directly owned 300,000 shares of the company’s stock, valued at $11,790,000. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory N. Roberts sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $49.36, for a total value of $1,234,000.00. Following the sale, the chief executive officer owned 28,202 shares in the company, valued at approximately $1,392,050.72. The trade was a 46.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 50,667 shares of company stock worth $2,437,822 in the last three months. Corporate insiders own 0.63% of the company’s stock.
Hedge Funds Weigh In On Gold.com
Institutional investors have recently added to or reduced their stakes in the business. WINTON GROUP Ltd increased its stake in shares of Gold.com by 7.6% in the 2nd quarter. WINTON GROUP Ltd now owns 9,900 shares of the company’s stock valued at $412,000 after acquiring an additional 700 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Gold.com in the second quarter valued at $225,000. Squarepoint Ops LLC acquired a new position in shares of Gold.com during the second quarter valued at about $387,000. Arizona State Retirement System boosted its position in shares of Gold.com by 7.1% during the 2nd quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock worth $226,000 after purchasing an additional 359 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Gold.com in the 2nd quarter valued at about $358,000. 62.85% of the stock is owned by institutional investors and hedge funds.
Gold.com Company Profile
Gold.com, Inc, together with its subsidiaries, operates as a precious metals company. It operates through 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 complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.