A-Mark Precious Metals (AMRK) AI Stock Analysis

• Market Cap: $576.86M
• Dividend Yield: 3.22%
• Average Volume (3M): 301.36K
• Price to Earnings (P/E): 12.2
• Beta (1Y): 0.62
• Revenue Growth: 4.95%
• EPS Growth: -54.69%
• Country: US
• Employees: 482
• Sector: Financial
• Sector Strength: 81
• Industry: Financial - Capital Markets
• EPS (TTM): 2.06
• Shares Outstanding: 23,019,184
• 10 Day Avg. Volume: 305,711
• 30 Day Avg. Volume: 301,362
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.06
• Price to Cash Flow (P/CF): 1.50
• P/FCF Ratio: 1.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $43.50
• Price Target Upside: 73.58% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

A-Mark Precious Metals is financially stable with strong revenue growth and cash flow, but profitability and rising debt are concerns. The technical indicators suggest limited momentum, while the valuation is reasonable but not compelling. The earnings call reveals strategic growth but also highlights profitability challenges.

Positive Factors

Financial Stability

A-Mark Precious Metals has ample capital to fund operations and growth initiatives, supported by a tangible net worth of $318.7M and maintained dividend yielding 2.8%.

Strategic Acquisitions

Management expects the pending acquisition of Spectrum Group International to be accretive to earnings, due to higher margins in numismatics auctions and wine collections.

Valuation

Shares of A-Mark Precious Metals trade at a multiple below the peer average, suggesting potential value for investors.

Negative Factors

Business Environment

Adjusted EBITDA of $17.8M was below consensus and forecast, reflecting a challenging business environment.

Earnings Performance

GAAP EPS declined 51.2% y/y and 71.1% q/q, indicating less favorable markets for A-Mark with lower price volatility in precious metals resulting in smaller spreads and lower EPS.

Market Volatility

Low price volatility in precious metals has resulted in smaller spreads and lower earnings for A-Mark Precious Metals.

A-Mark Precious Metals Business Overview & Revenue Model

Company Description

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. The Direct-to-Consumer segment provides access to an array of gold, silver, copper, platinum, and palladium products through its websites and marketplaces. It operates five company-owned websites targeting specific niches within the precious metals retail market. This segment also operates as a direct retailer of precious metals to the investor community and markets its precious metal products on television, radio, and the internet, as well as through customer service outreach. The Secured Lending segment originates and acquires commercial loans secured by bullion and numismatic coins; and serves coin and precious metal dealers, investors, and collectors. The company serves customers, including financial institutions, bullion retailers, industrial manufacturers and fabricators, sovereign mints, refiners, coin and metal dealers, investors, collectors, and e-commerce and other retail customers. It has operations in the United States, rest of North America, Europe, the Asia Pacific, Africa, and Australia. A-Mark Precious Metals, Inc. was founded in 1965 and is headquartered in El Segundo, California.

How the Company Makes Money

A-Mark Precious Metals generates revenue through a diverse range of activities centered around the trading and distribution of precious metals. The company's primary revenue streams include the sale of precious metals to clients and the provision of related financial services such as leasing and financing. A-Mark also earns income through hedging operations and by acting as an intermediary in the precious metals market. Significant partnerships with mints, refineries, and financial institutions further enhance its ability to offer comprehensive services and maintain a competitive edge in the marketplace. Additionally, A-Mark's geographical reach and established network of clients contribute to its steady revenue generation.

A-Mark Precious Metals Financial Statement Overview

Summary

A-Mark Precious Metals showcases strong revenue growth and robust cash flow generation, with a solid balance sheet. However, profitability margins can improve, and rising debt levels need careful monitoring.

Income Statement

A-Mark Precious Metals shows a strong revenue growth trajectory with a notable increase in Total Revenue from the previous periods. The Gross Profit Margin and Net Profit Margin have shown some fluctuations, with the most recent TTM figures indicating moderate profitability. While EBIT and EBITDA margins are reasonable, the company could improve its cost management to enhance profitability further.

Balance Sheet

The company's balance sheet reflects a moderate Debt-to-Equity ratio, indicating a balanced approach to leverage. The Return on Equity is healthy, suggesting effective use of shareholder funds to generate profits. The Equity Ratio indicates a stable financial structure, but the rising Total Debt in recent periods poses a potential risk if not managed carefully.

Cash Flow

A-Mark Precious Metals demonstrates strong free cash flow generation, with significant growth in Free Cash Flow over recent periods. The Operating Cash Flow to Net Income Ratio is robust, indicating efficient cash generation relative to net income. This solid cash flow performance provides a cushion for future investments and debt management.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
10.61B	9.70B	9.32B	8.16B	7.61B	5.46B
	Gross Profit
196.25M	173.25M	294.67M	261.76M	210.20M	66.97M
	EBIT
100.55M	83.45M	209.39M	188.51M	212.79M	56.68M
	EBITDA
82.72M	133.71M	209.67M	185.15M	223.45M	59.64M
	Net Income Common Stockholders
51.49M	68.55M	156.36M	132.54M	159.64M	30.51M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
15.02M	48.64M	39.32M	37.78M	101.41M	52.33M
	Total Assets
293.44M	1.83B	1.55B	1.44B	1.19B	758.03M
	Total Debt
106.00M	775.11M	666.14M	315.05M	283.54M	231.32M
	Net Debt
90.98M	726.47M	626.82M	277.26M	182.13M	178.99M
	Total Liabilities
240.49M	1.17B	945.18M	952.19M	827.64M	653.14M
	Stockholders Equity
52.94M	607.63M	599.12M	488.61M	362.62M	101.00M
Cash Flow		Free Cash Flow
128.88M	45.16M	-40.11M	-92.44M	-54.77M	46.95M
	Operating Cash Flow
140.82M	60.93M	-30.32M	-89.17M	-52.65M	47.94M
	Investing Cash Flow
-42.76M	-63.60M	6.84M	-60.56M	-130.39M	48.77M
	Financing Cash Flow
-91.14M	11.98M	-12.27M	86.11M	232.13M	-52.70M

A-Mark Precious Metals Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 25.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMRK, the sentiment is Neutral. The current price of 25.06 is above the 20-day moving average (MA) of 23.79, below the 50-day MA of 25.96, and below the 200-day MA of 32.06, indicating a neutral trend. The MACD of -0.52 indicates Negative momentum. The RSI at 52.56 is Neutral, neither overbought nor oversold. The STOCH value of 88.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AMRK.

A-Mark Precious Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SIEB	76 Outperform	$149.20M	11.09	17.28%	―	17.32%	50.52%
OPY	72 Outperform	$615.94M	9.27	8.73%	1.21%	14.34%	141.78%
AMRK	68 Neutral	$576.86M	12.17	8.22%	3.22%	4.95%	-54.69%
WHG	64 Neutral	$157.20M	64.44	1.84%	3.62%	-0.31%	-79.42%
SRL	63 Neutral	$112.09M	―	-6.15%	3.46%	-14.96%	27.99%
Sector *	63 Neutral	$12.33B	9.59	8.02%	79.26%	12.87%	-4.61%
CIFR	47 Neutral	$1.02B	―	-7.61%	―	19.26%	-14.10%

A-Mark Precious Metals Corporate Events

A-Mark Precious Metals Announces CFO Resignation

On April 10, 2025, A-Mark Precious Metals announced the resignation of Kathleen Simpson-Taylor as Chief Financial Officer, effective June 30, 2025, due to her retirement. The company appointed Cary Dickson as Executive Vice President, who will assume the CFO role on July 1, 2025. Dickson has a rich history with A-Mark and extensive experience in financial leadership roles across various industries. Additionally, A-Mark entered into new employment agreements with President Thor Gjerdrum and COO Brian Aquilino, effective July 1, 2025, with terms including base salaries, incentive opportunities, and stock awards, reflecting the company’s strategic focus on leadership stability and performance-driven growth.

Spark’s Take on AMRK Stock

According to Spark, TipRanks’ AI Analyst, AMRK is a Neutral.

A-Mark Precious Metals has a strong revenue growth trajectory and solid cash flow generation, enhancing its financial resilience. However, the stock faces challenges with declining profitability margins and rising debt levels. Technical indicators suggest a cautious outlook, and while the company’s valuation is reasonable, recent earnings call insights point to mixed results with strategic expansions balanced by reduced profits.

To see Spark’s full report on AMRK stock, click here.