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) will conduct a conference call on November 4, 2021, at 4:30 p.m. Eastern time to discuss its fiscal Q1 results for the quarter ending September 30, 2021. Financial results will be released prior to the call. The call can be accessed by U.S. callers at 1-855-327-6837 and internationally at 1-631-891-4304. A replay will be available post-call.
A-Mark is a leading integrated precious metals platform offering a variety of bullion products and services.
A-Mark Precious Metals reported a record fiscal fourth quarter for 2021, achieving revenues of $2.18 billion, a 31% increase year-over-year. Gross profit surged to $87.1 million, up 211%, with a gross profit margin of 4.00%. Net income reached $51.0 million, translating to $4.28 per diluted share, a 72% increase from the previous year. The company declared a special dividend of $2.00 per share, payable on September 24, 2021. The acquisition of JM Bullion significantly contributed to earnings, adding $37.6 million to gross profit in its first full quarter of ownership.
A-Mark Precious Metals (NASDAQ: AMRK) announced a significant increase in its investment in Pinehurst Coin Exchange, raising its ownership from 10% to 49% for $9.75 million, comprising $6.75 million in cash and $3 million in stock. This move, valuing Pinehurst at $25 million, underscores A-Mark's strategy to enhance its market presence in the e-commerce sector, specifically through direct-to-consumer channels. Additionally, A-Mark increased its stake in Sunshine Minting from 31.1% to 44.9%, demonstrating a commitment to expand its minting services.
A-Mark Precious Metals (NASDAQ: AMRK) will hold a conference call on September 9, 2021, at 4:30 p.m. Eastern time to discuss its fiscal fourth quarter and fiscal year results ending June 30, 2021. The call will feature CEO Greg Roberts, President Thor Gjerdrum, and CFO Kathleen Simpson-Taylor. Financial results will be released prior to the call. Interested parties can access the call via U.S. dial-in number 1-877-407-0789 or internationally at 1-201-689-8562, with a conference ID of 13722502. A replay will be available until September 23, 2021.
A-Mark Precious Metals (AMRK) reported record fiscal Q3 results for the period ending March 31, 2021, achieving over $2 billion in revenue, a 63% increase year-over-year. Net income was $76.6 million, or $8.84 per diluted share, boosted by the acquisition of JM Bullion (completed March 19, 2021), which contributed $8.5 million in gross profit. Notably, gold and silver sales surged, with gold ounces sold up 52% and silver ounces up 29%. However, selling and administrative expenses increased by 42% due to acquisition-related costs. The company anticipates sustained growth amid continuing demand for precious metals.
A-Mark Precious Metals (NASDAQ: AMRK) will host a conference call on May 12, 2021 at 4:30 p.m. Eastern time to discuss its fiscal Q3 results for the period ending March 31, 2021. The call will be led by CEO Greg Roberts, President Thor Gjerdrum, and CFO Kathleen Simpson-Taylor, followed by a Q&A session.
Investors can join via U.S. dial-in at 1-855-327-6837 or international at 1-631-891-4304. A replay will be available until May 26, 2021. To learn more, visit www.amark.com.
A-Mark Precious Metals (NASDAQ: AMRK) announced the appointment of Rick Gibbons as senior vice president of trading, enhancing its trading team. Gibbons has over 30 years of experience in precious metals trading, previously serving at HSBC, where he contributed to the firm's success in institutional trading. His expertise spans mine finance and institutional trading, which A-Mark aims to leverage for global trading operations expansion. A-Mark operates through segments including Direct-to-Consumer and Wholesale Sales, offering various precious metals and related products.
A-Mark Precious Metals (NASDAQ: AMRK) has successfully completed its acquisition of 79.5% of JM Bullion for approximately $136.8 million. This includes $106.5 million in cash and $30.3 million in common stock. The acquisition is expected to enhance A-Mark's direct-to-retail strategy and capitalize on rising demand for precious metals online. Following the acquisition, Michael Wittmeyer and Kendall Saville from JMB joined A-Mark's board, along with Monique Sanchez, bringing extensive e-commerce and digital marketing experience.
A-Mark Precious Metals (NASDAQ: AMRK) announced that underwriters fully exercised their option to purchase an additional 375,000 shares related to a public offering of common stock. This brings the total shares sold to 2,875,000 at $28.00 per share, resulting in expected net proceeds of approximately $75.3 million. The funds will primarily support the acquisition of JM Bullion, Inc. If this acquisition does not occur, the proceeds will be used for general corporate purposes. The offering was facilitated by D.A. Davidson & Co. and Roth Capital Partners.
A-Mark Precious Metals has priced an offering of 2,500,000 shares of common stock at $28.00 per share, expected to close on March 8, 2021. The company has also granted underwriters a 30-day option to purchase an additional 375,000 shares. Proceeds will mainly fund the acquisition of JM Bullion, Inc., along with other general corporate purposes. The offering follows an effective registration statement on Form S-3. This press release includes forward-looking statements regarding the offering and acquisition, emphasizing potential uncertainties.