Welcome to our dedicated page for A-Mark Precious Metals news (Ticker: AMRK), a resource for investors and traders seeking the latest updates and insights on A-Mark Precious Metals stock.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) is a leading fully integrated precious metals platform located in El Segundo, California. Founded in 1965, the company is primarily involved in the wholesale trading of gold, silver, platinum, and palladium bullion and related products including bars, wafers, coins, and grains.
A-Mark operates through three main segments:
- Wholesale Sales & Ancillary Services: This segment includes the distribution and purchase of precious metals from sovereign and private mints. A-Mark is an authorized purchaser of gold, silver, and platinum coins directly from the U.S. Mint since 1986. The company also has longstanding relationships with other sovereign mints including Australia, Austria, Canada, China, Mexico, South Africa, and the United Kingdom. It offers over 200 products to e-commerce retailers, coin and bullion dealers, financial institutions, brokerages, and collectors. In addition, A-Mark provides industrial users with precious metal products through its Industrial, Coin and Bar, Trading and Finance, Storage, Logistics, and Mint business units.
- Direct-to-Consumer: This segment operates as an omni-channel retailer of precious metals via its subsidiaries JM Bullion and Goldline. JM Bullion is a top e-commerce retailer, operating several branded websites such as JMBullion.com, ProvidentMetals.com, Silver.com, Gold.com, GoldPrice.org, SilverPrice.org, BGASC.com, and BullionMax.com. The subsidiary also owns CyberMetals.com, a platform for purchasing and selling fractional shares of digital precious metals. Goldline markets directly to investors through television, radio, and phone sales, and A-Mark holds minority stakes in four other direct-to-consumer brands.
- Secured Lending: Through Collateral Finance Corporation (CFC), a California-licensed finance lender, A-Mark offers loans secured by bullion and numismatic coins to dealers, investors, and collectors. CFC was founded in 2005 and has since grown to provide specialized finance options.
A-Mark’s recent activities underscore its robust growth strategy. The company has expanded its reach in Asia through the acquisition of LPM Group Limited, one of Asia’s largest precious metals dealers. This move aims to enhance A-Mark's global presence and leverage LPM's strong market position in the region.
Additionally, JM Bullion recently acquired the gold.com domain, adding a significant digital asset to their portfolio. This acquisition is expected to bolster their direct-to-consumer strategy by utilizing a highly recognizable domain.
From a financial perspective, despite facing challenges such as softened demand and premium compression, A-Mark continues to deliver solid results. For the fiscal third quarter ended March 31, 2024, the company reported revenues of $2.611 billion, a 13% increase compared to the previous year. However, net income attributable to the company decreased significantly due to various market factors and strategic investments.
A-Mark also maintains a regular quarterly cash dividend policy, reaffirming a dividend of $0.20 per share, showcasing their commitment to shareholder value.
In conclusion, A-Mark Precious Metals, Inc. remains a pivotal player in the precious metals industry, continually expanding its operations and market influence through strategic acquisitions, diversified product offerings, and a strong financial foundation. For more information, visit their corporate website at www.amark.com.
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.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a leading fully integrated precious metals platform, has announced a quarterly cash dividend of $0.20 per share. This decision maintains the company's current dividend program. The dividend will be payable on October 22, 2024, to stockholders of record as of October 8, 2024. This announcement demonstrates A-Mark's commitment to providing regular returns to its shareholders, reflecting the company's financial stability and confidence in its business model.
A-Mark Precious Metals (NASDAQ: AMRK) reported preliminary results for fiscal Q4 and full year 2024. The company achieved $9.7 billion in revenues for FY 2024 with preliminary diluted EPS of $2.75 ($2.15 excluding a $14.4 million estimated remeasurement gain). Despite softer market conditions, A-Mark delivered profitable results, demonstrating the strength of its integrated platform. Key highlights include:
- Q4 gross profit increased 23% from Q3
- Over 3 million Direct-to-Consumer customers by year-end
- Significant international expansion through LPM Group acquisition and increased stake in Silver Gold Bull
- Repurchased $22.4 million of common stock
- Amended credit facility, increasing revolving commitment to $422.5 million
The company reaffirmed its regular quarterly cash dividend of $0.20 per share and remains optimistic about its business model's ability to sustain profitability and generate long-term shareholder value.
Aramark Sports + Entertainment (NYSE: ARMK) is expanding its NCAA portfolio and implementing major renovations ahead of the 2024 college football season. The company has added Georgia Southern University and Washington State University as new clients, expanded services at East Carolina University, and conducted significant renovations at Louisiana State University, the University of North Carolina, and the University of Tennessee.
Aramark is focusing on enhancing fan engagement and operational excellence across its 21 NCAA sports venues. Key improvements include:
- Launching new premium hospitality brands at East Carolina and Washington State
- Introducing Walk Thru Bru express markets at Georgia Southern and University of Georgia
- Implementing VisioLab self-checkout technology at Georgia Southern
- Reimagining food concepts at the University of Virginia, University of North Carolina, and NC State
These enhancements aim to improve speed of service, increase local food variety, and create memorable experiences for college sports fans.
A-Mark Precious Metals (NASDAQ: AMRK) has scheduled its fiscal fourth quarter and full year 2024 earnings call for Thursday, August 29, at 4:30 p.m. ET. The company, a leading integrated precious metals platform, will release its financial results for the period ended June 30, 2024, prior to the call. Management will host the presentation, followed by a Q&A session.
Investors can access the call via webcast or phone, with both U.S. and international dial-in numbers provided. A replay will be available until September 12, 2024. The call will also be broadcast live and archived on A-Mark's investor relations website.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) has announced its participation in two upcoming conferences in September 2024. The company will attend the 2024 Gateway Conference in San Francisco on September 4-5, where management will present on September 4th at 10:30 a.m. PDT. Additionally, A-Mark will participate in the Gold Forum Americas 2024 Conference in Colorado Springs from September 15-18, with a presentation scheduled for September 17th at 1:20 p.m. MDT.
These events offer investors and analysts opportunities to gain insights into A-Mark through one-on-one meetings, group presentations, and networking activities. The Gateway Conference presentation will be webcast live and available for replay. The Gold Forum Americas is expected to showcase a significant portion of the world's publicly traded gold and silver companies.
A-Mark Precious Metals (NASDAQ: AMRK), a leading precious metals platform, has announced a quarterly cash dividend of $0.20 per share.
The dividend will be payable on July 31, 2024, to stockholders of record as of July 18, 2024. This decision reflects the company's ongoing dividend program and commitment to return value to its shareholders.
The announcement underscores A-Mark's solid financial position and its ability to generate consistent returns for investors.
A-Mark Precious Metals (NASDAQ: AMRK) has increased its ownership stake in Silver Gold Bull Inc. (SGB), a leading online precious metals retailer in Canada, to 55.4% with an additional investment of $9.6 million. This acquisition enhances A-Mark's direct-to-consumer reach in the international market. Initially investing in 2014 and boosting its stake to 47.4% in 2022, A-Mark now holds a majority share. The option to increase ownership up to 70% has been extended to September 2025. For the fiscal year ending April 30, 2024, SGB reported net sales of $467.9 million, a gross profit of $20.8 million, and pre-tax income of $4.2 million. SGB also added 53,000 new customers and processed 105,000 orders. Employment agreements have been secured with key SGB management including President and Co-Founder Bob Belandis.
FAQ
What is the current stock price of A-Mark Precious Metals (AMRK)?
What is the market cap of A-Mark Precious Metals (AMRK)?
What are the main business segments of A-Mark Precious Metals, Inc.?
What does the Wholesale Sales & Ancillary Services segment of A-Mark entail?
How does A-Mark's Direct-to-Consumer segment operate?
What services does A-Mark provide through its Secured Lending segment?
What recent acquisition did A-Mark make to expand its presence in Asia?
What is significant about JM Bullion's recent acquisition of the gold.com domain?
How did A-Mark perform financially in the fiscal third quarter of 2024?
What dividend policy does A-Mark maintain?
Where is A-Mark Precious Metals, Inc. headquartered?
Where can I find more information about A-Mark Precious Metals, Inc.?
