Gold.com (NYSE:GOLD) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS
by Tristan Rich · The Markets DailyGold.com (NYSE:GOLD – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.13), Zacks reports. Gold.com had a return on equity of 17.82% and a net margin of 0.35%.
Gold.com Trading Up 1.4%
GOLD traded up $0.60 during trading on Wednesday, hitting $43.76. 658,134 shares of the company’s stock were exchanged, compared to its average volume of 597,829. Gold.com has a 1 year low of $22.00 and a 1 year high of $66.70. The stock has a 50 day moving average price of $42.37 and a 200 day moving average price of $44.77. The firm has a market cap of $1.27 billion, a P/E ratio of 14.99 and a beta of 0.56. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on GOLD shares. Canaccord Genuity Group initiated coverage on shares of Gold.com in a research note on Tuesday, June 9th. They set a “buy” rating and a $70.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Zacks Research downgraded Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.75.
View Our Latest Stock Report on Gold.com
Hedge Funds Weigh In On Gold.com
Hedge funds and other institutional investors have recently made changes to their positions in the business. Deutsche Bank AG acquired a new position in shares of Gold.com during the fourth quarter worth about $1,257,000. Verition Fund Management LLC acquired a new stake in shares of Gold.com in the fourth quarter valued at about $1,153,000. Franklin Resources Inc. purchased a new stake in shares of Gold.com during the 4th quarter valued at about $500,000. MetLife Investment Management LLC purchased a new stake in shares of Gold.com during the 4th quarter valued at about $400,000. Finally, Entropy Technologies LP acquired a new position in Gold.com during the 4th quarter worth approximately $293,000. Institutional investors and hedge funds 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.