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A-Mark Precious Metals Inc - AMRK STOCK NEWS

Welcome to our dedicated news page for A-Mark Precious Metals (Ticker: AMRK), a resource for investors and traders seeking the latest updates and insights on A-Mark Precious Metals.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect A-Mark Precious Metals's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of A-Mark Precious Metals's position in the market.

Rhea-AI Summary
JM Bullion, Inc., a subsidiary of A-Mark Precious Metals, Inc. (AMRK), has acquired the gold.com domain, expanding its direct-to-consumer growth strategy. The acquisition of gold.com and silver.com enhances brand recognition and marketability. Single-word domains like gold.com are valuable assets due to their scarcity. The redirection of gold.com traffic to JMB's website provides seamless access to products and services.
Rhea-AI Impact
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End-of-Day
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acquisition
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Rhea-AI Summary
A-Mark Precious Metals, Inc. (AMRK) completes the acquisition of LPM Group Limited, one of Asia's largest precious metals dealers, expanding its footprint into Asia. The transaction details include a total upfront consideration of $41.9 million, with potential additional cash earnings for AMS based on certain EBITDA targets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
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acquisition
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Rhea-AI Summary
A-Mark Precious Metals, Inc. reported Q2 FY 2024 diluted earnings per share of $0.57, repurchase of 440,092 common shares for $12 million, and paid off asset-backed securitization notes payable. Revenues increased 7% to $2.079 billion, but gross profit decreased 28% to $46.0 million. The company reaffirmed its regular quarterly cash dividend policy of $0.20 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.43%
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earnings
Rhea-AI Summary
A-Mark Precious Metals, Inc. has entered into a non-binding letter of intent with AMS Holding, LLC for three transactions, including the proposed acquisition of LPM Group Limited, one of Asia’s largest precious metals dealers. LPM boasts a global customer base and has a three-year average net sales of $393.2 million, 108,000 ounces of gold sold, and 6.3 million ounces of silver sold. A-Mark will acquire LPM for $41.5 million, consisting of $37.5 million in cash and $4.0 million of A-Mark common stock. A-Mark's affiliate, Pinehurst Coin Exchange, Inc., will acquire ModernCoinMart's assets for $5.5 million. A proposed joint venture will acquire a 10% equity interest in AMS. A-Mark will discuss these transactions and its financial results in a conference call today at 4:30 p.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.69%
Tags
acquisition
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Rhea-AI Summary
A-Mark Precious Metals, Inc. (AMRK) will hold a conference call on February 6, 2024, to discuss results for the fiscal second quarter ended December 31, 2023. The call will be hosted by A-Mark management and will include a question-and-answer period. The conference call can be accessed via webcast or phone, with a replay available afterwards. This provides an opportunity for investors and analysts to gain insights into A-Mark's financial performance and strategic direction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
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earnings
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Rhea-AI Summary
A-Mark Precious Metals, Inc. (AMRK) declares $0.20 per share quarterly cash dividend, maintaining current dividend program.
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dividends
Rhea-AI Summary
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) authorizes an increase in share repurchase program, allowing the repurchase of up to 1,221,152 shares of its outstanding common stock, in addition to the 778,848 shares already repurchased. The company has repurchased 171,268 shares in the fiscal first quarter of 2024 and an additional 303,417 shares in the fiscal second quarter of 2024 through November 17, 2023. The program expires on June 30, 2028, and may be modified, suspended, or terminated at any time. CEO Greg Roberts views the program as an attractive investment opportunity and a way to deliver value to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.06%
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buyback
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Rhea-AI Summary
AMRK Reports Q1 2024 Results: $0.77 EPS, $5M Stock Repurchase, $0.20 Quarterly Dividend, Increased Liquidity
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.79%
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earnings
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Rhea-AI Summary
A-Mark Precious Metals appoints Roy Friedman as SVP of trading, global precious metals
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
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management
Rhea-AI Summary
A-Mark Precious Metals, Inc. to hold conference call on November 7, 2023, to discuss fiscal first quarter results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
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earnings
A-Mark Precious Metals Inc

Nasdaq:AMRK

AMRK Rankings

AMRK Stock Data

686.78M
17.39M
24.22%
67.63%
14.02%
International Trade Financing
Finance and Insurance
Link
US
Santa Monica

About AMRK

a mark precious metals is an internet company located in 264 s la cienega blvd, beverly hills, california, united states.