Welcome to our dedicated page for A-Mark Precious news (Ticker: AMRK), a resource for investors and traders seeking the latest updates and insights on A-Mark Precious stock.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) generates frequent news as a fully integrated precious metals and alternative assets platform active across wholesale trading, direct-to-consumer retail, and secured lending. Company updates often highlight its role in bullion distribution, numismatic auctions, logistics and storage services, and corporate finance activities.
News coverage for A-Mark commonly includes earnings releases and financial results, where the company reports on revenues, gross profit, adjusted net income, and EBITDA for its fiscal quarters and full year. Management commentary in these releases discusses market conditions in precious metals, integration of acquired businesses such as Spectrum Group International, AMS Holding, and Pinehurst Coin Exchange, and performance across the Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending segments.
Investors and collectors can also follow corporate actions and strategic initiatives reported in A-Mark’s news. Examples include the announced corporate rebranding to Gold.com, the planned transfer of its stock exchange listing from the Nasdaq Global Select Market to the New York Stock Exchange, and a definitive agreement to acquire Monex Deposit Company and related entities, a large direct-to-consumer precious metals dealer in the United States. Dividend announcements, amendments to the company’s revolving credit facility, and details of scheduled earnings conference calls are additional recurring topics.
A-Mark’s news flow further reflects its presence in the numismatics and collectibles market through Stack’s Bowers Galleries. Releases have described high-profile auctions, such as the sale of Sacagawea gold dollars that orbited Earth aboard the Space Shuttle Columbia, illustrating the company’s connection to historically significant coin offerings. Updates may also reference the activities of subsidiaries like LPM in Hong Kong, Silver Towne Mint, A-M Global Logistics, and Collateral Finance Corporation.
For users tracking AMRK, the news stream offers insight into operating performance, acquisitions, financing arrangements, dividend policy, and developments in its global precious metals and collectibles platform. Regularly reviewing this page can help readers follow how A-Mark’s integrated business evolves across wholesale, retail, and lending channels.
A-Mark Precious Metals (NASDAQ: AMRK) has issued guidance for its fiscal third quarter ending March 31, 2021, anticipating net income before taxes between $29 million and $32 million—an increase of 116% to 139% year-over-year. Net income attributable to the company is projected at $22 million to $25 million, up approximately 95% to 121% compared to last year. Earnings per diluted share are expected to be between $2.90 and $3.20, marking an increase of 80% to 99%. The guidance supports a proposed public offering of 2.8 million shares aimed at funding the acquisition of JM Bullion, pending SEC approval.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) announced a public offering of 2.8 million shares, including 2.5 million from the Company and 300,000 from selling stockholders. The offering also allows for an overallotment option of 420,000 shares. Proceeds will primarily fund the acquisition of JM Bullion, Inc., if completed; otherwise, funds will be used for general corporate purposes. The registration statement with the SEC is pending effectiveness.
A-Mark Precious Metals, Inc. reported a strong fiscal second quarter for 2021, with revenues increasing 44% to $1.52 billion year-over-year. Gross profit surged 131% to $18.8 million, though it fell 48% from the previous quarter. Net income jumped to $8.9 million or $1.16 per diluted share, compared to $1.2 million or $0.17 a year ago. Gold and silver ounces sold both saw increases, with gold up 12% and silver up 51%. Selling, general and administrative expenses climbed 15% to $9.0 million. The outlook remains positive, driven by a favorable market and strategic investments.
A-Mark Precious Metals (NASDAQ: AMRK) has announced the acquisition of the remaining 79.5% of JM Bullion, Inc. for $138.3 million, valuing JMB at $174 million. The deal includes $103.7 million in cash and $34.6 million in A-Mark common stock. JMB's strong performance includes net sales of $1.49 billion and a 120% increase in silver sales year-over-year. This acquisition aims to diversify channels, broaden the brand portfolio, and expand logistics. The transaction is expected to close in Q1 2021, subject to regulatory approval.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) will hold a conference call on February 9, 2021, at 5:00 p.m. Eastern time to discuss its fiscal second quarter results ended December 31, 2020. The financial results will be released prior to the call. The presentation will be hosted by CEO Greg Roberts, President Thor Gjerdrum, and CFO Kathleen Simpson-Taylor, followed by a Q&A session. The call can be accessed via U.S. and international numbers, and a replay will be available afterward until February 23, 2021.
A-Mark Precious Metals (NASDAQ: AMRK) has acquired a 31.1% stake in Sunshine Minting, Inc. (SMI), enhancing its position in the global precious metals market. This strategic investment builds on a 30-year relationship, enabling A-Mark to tap into SMI's state-of-the-art minting facilities and expand its product offerings. A-Mark aims to leverage identified synergies and support SMI's growth under the leadership of CEO Tom Power. This acquisition is expected to reinforce A-Mark's long-term growth plans and strengthen its market presence.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) reported a strong fiscal Q1 2021, with revenues soaring 26% to $1.87 billion, driven by increased sales of gold and silver. Gross profit surged 333% to $36.1 million, reflecting a gross margin of 1.94%. Net income reached $23.1 million or $3.09 per diluted share, compared to just $128,000 a year prior. As a result, A-Mark's Board approved a non-recurring special dividend of $1.50 per share, payable on November 30, 2020. The company’s solid performance stemmed from heightened market demand and operational scalability amid economic uncertainties.
A-Mark Precious Metals (NASDAQ: AMRK) will hold its fiscal Q1 2021 results conference call on November 10, 2020, at 4:30 p.m. Eastern Time. CEO Greg Roberts, President Thor Gjerdrum, and CFO Kathleen Simpson-Taylor will present the results, followed by a Q&A session. Financial results will be released prior to the call. Investors can access the live broadcast and a replay on A-Mark's website. The company, established in 1965, specializes in precious metals trading and operates through multiple segments including Wholesale Trading, Secured Lending, and Direct Sales.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) will hold a conference call on September 10, 2020, at 4:30 PM ET to discuss its fiscal fourth quarter and annual results for the period ending June 30, 2020. The call will be hosted by CEO Greg Roberts, President Thor Gjerdrum, and CFO Kathleen Simpson-Taylor, followed by a Q&A session. Interested parties can access the call via U.S. and international dial-in numbers, with an option for replay available until September 24, 2020. The company is a leading provider in the global precious metals market, offering various products and services.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) announced the expansion of its credit facility from $220 million to $257.5 million, effective September 2, 2020, and maturing on March 26, 2021. This expansion reflects strong support from lending partners and aims to enhance liquidity amidst rising commodity prices. CEO Greg Roberts emphasized the facility's importance given the current market conditions. Further details will be filed in a Form 8-K by September 4, 2020.