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. (AMRK) provides investors and industry stakeholders with critical updates through this dedicated news hub. As a leading fully integrated precious metals platform, the company's announcements span wholesale trading activities, retail operations through subsidiaries like JM Bullion, and secured lending via Collateral Finance Corporation.
This resource aggregates official press releases, regulatory filings, and market-moving developments. Users will find updates on quarterly earnings, strategic partnerships, inventory acquisitions, and operational expansions. The curated collection serves as a reliable reference for tracking AMRK's position in global bullion markets and ancillary services.
Content categories include product launches, mint collaborations, logistics advancements, and financial performance reports. Each entry maintains factual accuracy while avoiding speculative commentary, adhering to strict compliance standards.
Bookmark this page for streamlined access to A-Mark's evolving business narrative. Regular updates ensure stakeholders stay informed about the company's role in precious metals distribution, storage solutions, and commodity-backed financial services.
A-Mark Precious Metals (NASDAQ: AMRK) has announced two significant developments: a quarterly cash dividend and an acquisition completion. The company declared a quarterly cash dividend of $0.20 per share, payable on April 29, 2025, to stockholders of record as of April 15, 2025.
Additionally, on April 1, 2025, A-Mark completed the acquisition of the remaining 90% stake in AMS Holding, , which operates the GOVMINT brand. AMS, founded in 1984, employs over 150 sales representatives specializing in vintage and modern coin collections. The acquired company reported Total Revenue of $203.8 million and Adjusted EBITDA of $9.3 million for the year ended December 31, 2024.
A-Mark Precious Metals (NASDAQ: AMRK) has announced three strategic acquisitions to expand its presence in the collectible coin market:
1. Stack's Bowers Galleries (SBG): Acquired for $92 million, with $46M in cash and $46M in stock. SBG generated $536.4M revenue and $10.9M EBITDA in FY2024.
2. AMS Holding (GOVMINT): Agreement to acquire remaining 90% for $50M cash, plus up to $12M in performance-based payments. AMS reported $203.8M revenue and $9.3M Adjusted EBITDA in 2024.
3. Pinehurst Coin Exchange: Acquired remaining 51% for $6.5M cash, plus up to $5.3M in performance-based payments. Pinehurst generated $215.8M revenue and $7.7M EBITDA in 2024.
These acquisitions aim to enhance A-Mark's presence in the luxury market, increase gross margins during low bullion volatility periods, and add several hundred thousand new customers to their ecosystem.
A-Mark Precious Metals (NASDAQ: AMRK) reported fiscal Q2 2025 results with diluted earnings per share of $0.27 and net income of $6.6 million. Revenue increased 32% year-over-year to $2.742 billion, while gross profit decreased 3% to $44.8 million.
The company's performance reflects challenging market conditions, with elevated precious metals prices and subdued demand. Notable metrics include a 4% increase in gold ounces sold to 466,000, while silver ounces sold decreased 18% to 21.8 million. Direct-to-Consumer metrics showed improvement with new customers up 25% to 65,400 and average order value increasing 43% to $3,178.
During the quarter, AMRK repurchased 169,512 common shares for $5.1 million and reaffirmed its quarterly dividend of $0.20 per share. The company also announced plans to acquire Stack's Bowers Galleries through Spectrum Group International and increased its revolving credit facility to $457 million from $422.5 million.
A-Mark Precious Metals (NASDAQ: AMRK) has announced a definitive agreement to acquire Spectrum Group International (SGI) for $92 million, paid 50% in cash and 50% in A-Mark common stock. SGI is the parent company of Stack's Bowers Galleries (SBG), a leading rare coin auction house and dealer, and majority owner of Spectrum Wine (SW).
SBG reported strong financial performance with total revenue of $536.4 million for FY2024 and $311.2 million for H1 2025. The acquisition aims to expand A-Mark's reach into higher-margin luxury markets and create cross-selling opportunities between A-Mark's customers and SGI's collectors, investors, and dealers. The transaction is expected to close within 30 days, subject to SGI shareholder approval and other conditions.
A-Mark Precious Metals (NASDAQ: AMRK) has rescheduled its fiscal second quarter earnings conference call to Thursday, February 6, 2025, at 4:30 p.m. Eastern time. The company will discuss results for the quarter ended December 31, 2024, with financial results to be released before the call.
The revised date was set in response to feedback from stockholders and interested parties. The call will include a management presentation followed by Q&A. A replay will be available until February 20, 2025, and can be accessed through both dial-in numbers and the company's investor relations website.
A-Mark Precious Metals (NASDAQ: AMRK) has scheduled its fiscal second quarter earnings conference call for Friday, February 7, 2025, at 4:30 p.m. Eastern time. The company will release its financial results for the quarter ended December 31, 2024, via press release before the call.
The management will host a presentation followed by a Q&A session. Investors can access the call through a webcast or by dialing in using U.S. (1-877-545-0523) or international (1-973-528-0016) numbers with participant code 951436.
A replay will be available until February 21, 2025, through toll-free (1-877-481-4010) and international (1-919-882-2331) numbers using code 51850. The call will also be available for replay on A-Mark's investor relations website.
A-Mark Precious Metals (NASDAQ: AMRK) has announced its Board of Directors has declared a quarterly cash dividend of $0.20 per share. The dividend maintains the company's current dividend program and will be payable on January 28, 2025, to stockholders of record as of January 14, 2025. A-Mark, which operates as a leading fully integrated precious metals platform, continues its commitment to returning value to shareholders through its dividend program.
A-Mark Precious Metals (NASDAQ: AMRK) reported fiscal Q1 2025 results with diluted earnings per share of $0.37, down from $0.77 year-over-year. Revenue increased 9% to $2.72 billion, while gross profit decreased 12% to $43.4 million. The company extended its $422.5 million credit facility to September 2026 and reaffirmed its quarterly dividend of $0.20 per share. Net income decreased 52% to $9.0 million, impacted by slower market conditions and elevated precious metals prices. Silver Towne Mint acquired Regency Mint Manufacturing assets, expanding minting capacity and customer base.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) has announced its upcoming fiscal first quarter earnings call, scheduled for Wednesday, November 6, 2024, at 4:30 p.m. Eastern time. The company, a leading fully integrated precious metals platform, will discuss results for the quarter ended September 30, 2024. Financial results will be released in a press release before the call.
The conference call will be accessible via webcast and telephone. Interested parties can join the webcast at https://www.webcaster4.com/Webcast/Page/2867/51425 or dial in using the provided U.S. and international numbers. A replay of the call will be available until November 20, 2024, and the live broadcast will also be accessible through A-Mark's Investor Relations website.
A-Mark Precious Metals, Inc. (Nasdaq: AMRK) has announced that its subsidiary, Silver Towne Mint, has acquired substantially all assets of Regency Mint Manufacturing, for $2 million. This strategic acquisition is expected to increase A-Mark's total minting capacity to 100 million ounces annually over the long term.
Key benefits of the acquisition include:
- Additional capacity for proof-quality coins, rounds, and breakable rounds
- New extrusion equipment for faster and more efficient production of fractional products
- Increase in Silver Towne Mint's struck products capacity from 30 million to over 50 million ounces per year
- Acquisition of Regency Mint's entire customer list
The acquired equipment will be moved to Silver Towne Mint's facility in Winchester, Indiana, with some placed in storage until more facility space is created.
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