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.
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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.
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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.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) announces a conference call on February 6, 2023, at 4:30 p.m. ET to discuss its fiscal second quarter results ending December 31, 2022. Financial results will be released before the call. Interested participants can join via a U.S. dial-in number or an international number, and a live webcast will also be available. A replay will be accessible until February 20, 2023. Founded in 1965, A-Mark operates as a fully integrated precious metals platform, providing a wide range of products including gold, silver, platinum, and copper through various sales channels.
A-Mark Precious Metals (AMRK) has acquired a 12% ownership stake in Texas Precious Metals (TPM) for $5.04 million. TPM, a prominent e-commerce retailer, has processed over $1.25 billion in transactions and reported nearly $170 million in revenue for 2021. This acquisition is supported by a four-year extension of the exclusive supplier agreement between A-Mark and TPM, aimed at enhancing their Direct-to-Consumer platform. With this partnership, A-Mark seeks to leverage TPM's strengths in e-commerce and minting capabilities to broaden its product offerings.