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 (AMRK) reported company news around its precious metals platform, including operating results, dividend declarations, capital-structure updates and segment activity. The company’s business spans Wholesale Sales & Ancillary Services, Direct-to-Consumer and Secured Lending, with products including gold, silver, platinum, palladium and copper bullion, numismatic coins and related collectibles for wholesale, retail, industrial and institutional customers.
Recurring updates also cover U.S. Mint-authorized bullion purchasing, sovereign and private mint distributorships, LPM Group’s Asian precious metals dealing operations, and Stack’s Bowers Galleries auctions. Later corporate-status disclosures document the completed rebrand to Gold.com and transfer of the common stock listing to the NYSE under GOLD.
A-Mark Precious Metals reported fiscal Q3 2020 results, revealing a 1% decrease in revenues to $1.26 billion compared to Q3 2019, but a 19% increase from Q2 2020. Gross profit surged 158% to $22.5 million, driven by wider trading spreads. Net income was $11.3 million or $1.61 per diluted share, up from $990,000 in the previous year. Sales of gold and silver increased by 7% and 54%, respectively. Despite the revenue drop, the company's performance benefited from macroeconomic demand for precious metals.
A-Mark Precious Metals (NASDAQ: AMRK) is set to hold a conference call on May 7, 2020, at 4:30 p.m. Eastern time to discuss its fiscal third quarter results ending March 31, 2020. Key executives, including CEO Greg Roberts, will lead the presentation followed by a Q&A session. Interested parties can join the call via U.S. dial-in at 1-888-224-1005 or international dial-in 1-856-344-9316. A replay will be accessible after the call until May 21, 2020.