A-Mark Precious Stock Price, News & Analysis

A-Mark Precious Metals (NASDAQ: AMRK) announced a conference call scheduled for May 9, 2023, at 4:30 p.m. EDT to discuss its financial results for the fiscal third quarter ended March 31, 2023. A press release with the results will be issued before the call. Participants can join via the U.S. dial-in number 1-888-506-0062 or the international number 1-973-528-0011. The call will also be accessible through a live webcast and available for replay on A-Mark's investor relations website. Founded in 1965, A-Mark is a leading integrated platform offering a range of precious metals products, operating through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The company serves a global customer base, including mints, manufacturers, and investors.

A-Mark Precious Metals (NASDAQ: AMRK) has announced a quarterly cash dividend of $0.20 per share, consistent with its existing dividend program. The dividend will be payable on April 28, 2023 to stockholders recorded by April 17, 2023. Founded in 1965, A-Mark operates a fully integrated precious metals platform that serves global wholesale and retail markets through segments including Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The company is recognized as a U.S. Mint-authorized purchaser and has longstanding partnerships with various international mints, supplying a wide range of precious metal products.

On February 27, 2023, A-Mark Precious Metals (NASDAQ: AMRK) announced its participation in two upcoming conferences: the 35th Annual Roth Conference from March 12-14, 2023, and the D.A. Davidson’s 6th Annual Consumer Growth Conference on March 21, 2023. Held in California and New York City, respectively, these events will provide an opportunity for investors and analysts to engage with the company through presentations and meetings. A-Mark, founded in 1965, is a fully integrated precious metals platform offering a range of bullion, coins, and related products across multiple segments.

A-Mark Precious Metals reported a Q2 FY 2023 diluted earnings per share of $1.35, up from $1.30 in Q2 FY 2022. The company experienced a 230% year-over-year increase in new Direct-to-Consumer (DTC) customers, with DTC gross margin percentage improving by 130 basis points. Despite a 3% decrease in gross profit to $64 million, revenues rose slightly by 0.2% to $1.95 billion. Silver ounces sold increased by 19% to 38.1 million, while gold ounces sold dropped by 10%. The company also reaffirmed a quarterly cash dividend of $0.20 per share.

A-Mark Precious Metals (NASDAQ: AMRK) has announced a strategic move, acquiring a 25% ownership stake in Atkinsons Bullions & Coins, a UK-based online retailer of precious metals, for $2.75 million. Atkinsons reported revenues exceeding $130 million in 2022. This investment marks A-Mark's first foray into the UK market and aligns with its goal of expanding its Direct-to-Consumer market presence. The transaction, anticipated to finalize in March 2023, includes an additional 24.5% ownership option after 24 months. This partnership is aimed at leveraging Atkinsons' established market position to enhance A-Mark's international footprint.

A-Mark Precious Metals (NASDAQ: AMRK) announced a branding and marketing agreement with Certified Collectibles Group (CCG) through its subsidiary, Collateral Finance Corporation (CFC). Under this partnership, CFC will serve as an "Approved Financing Service" for CCG, which specializes in certification for coins, sports cards, and memorabilia. CFC has a history of providing secured loans with no principal losses, extending liquidity solutions to CCG’s customers. This initiative aims to enhance brand awareness and promote co-marketing efforts, potentially increasing customer access to financing options.