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.
Overview of A-Mark Precious Metals
A-Mark Precious Metals is a fully integrated platform in the precious metals industry, specializing in the wholesale trading of gold, silver, platinum, palladium, and copper bullion along with ancillary services. As a pioneer in bullion trading and secured lending, the company serves diverse customer bases including sovereign and private mints, coin and bullion dealers, industrial users, financial institutions, investors, and retail customers. With decades of industry expertise, A-Mark has successfully positioned itself in both domestic and global markets by delivering reliable and secure precious metals solutions.
Business Segments and Operations
A-Mark operates through three core segments that serve as the backbone of its business model:
- Wholesale Sales & Ancillary Services: This segment is the primary revenue driver, handling the distribution and acquisition of bullion products. It includes specialized business units for industrial sales, coin and bar dealing, trading, finance, storage, logistics, and mint operations. The company has maintained long-term relationships with major sovereign mints, including being a U.S. Mint-authorized purchaser, ensuring product authenticity and supply stability.
- Direct-to-Consumer: Serving retail markets, A-Mark uses an omni-channel approach to offer its products to a broad array of consumers. Through its subsidiaries, such as JM Bullion and Goldline, the company manages multiple e-commerce portals and retail platforms that cater to diverse niches within the precious metals market.
- Secured Lending: Conducted through its subsidiary Collateral Finance Corporation (CFC), this segment provides secured loans using bullion and numismatic coins as collateral. This service supports dealers, investors, and collectors by offering liquidity against high-quality tangible assets.
Integrated Services and Global Reach
The comprehensive range of services offered by A-Mark extends beyond the mere trading of metal. Through its A-M Global Logistics subsidiary, the company ensures the secure handling, processing, inventorying, and transportation of precious metal products. Its mint operations, managed by Silver Towne Mint, allow for the creation of proprietary coin and bar products, especially during times when market sentiment creates supply constraints. Combined with a strong global presence, A-Mark supplies products to customers primarily in the United States, while also maintaining a significant footprint in Europe, Asia Pacific, Australia, and Africa.
Industry Expertise and Competitive Position
Crafted over decades of experience, A-Mark's expertise in bullion trading is evident in its deep market insights and strategic operational choices. It differentiates itself from competitors by integrating multiple facets of the value chain from procurement and logistics to retail and secured financing. This end-to-end approach not only stabilizes supply channels but also maximizes the efficiency of transactions for institutional and individual customers alike. The company’s rigorous adherence to industry standards and its long-standing partnerships demonstrate a commitment to quality and trustworthiness.
Commitment to Quality and Regulatory Compliance
A-Mark Precious Metals places a high priority on regulatory compliance and operational excellence. Established through decades of market presence, the company adheres strictly to established standards and maintains authorized relationships with multiple sovereign mints. These practices ensure that each product delivered meets rigorous authenticity and quality benchmarks. Transparency and adherence to best practices are vital components of its operations—a stance that underscores its reputation for reliability and authority in the precious metals industry.
Customer-Centric Operational Philosophy
The diverse portfolio of products—from bullion bars and wafers to numismatic coins—caters to a broad range of customer needs. This customer-centric approach is reflected in the company’s robust logistics network, secure storage offerings, and tailored financial products that provide both liquidity and strategic asset management solutions. Whether dealing with bulk transactions or retail purchases, A-Mark’s comprehensive service model is designed to facilitate smooth and secure transactions in an often volatile market environment.
Conclusion
In summary, A-Mark Precious Metals stands out for its fully integrated operational structure that seamlessly connects wholesale trading, retail distribution, and secured lending. This multi-faceted approach, combined with deep industry relationships and a strong emphasis on quality control, positions the company as a dependable source in the precious metals market. The strategic blend of traditional bullion trading and innovative logistics and financing services underlines A-Mark’s enduring commitment to excellence, situating it as a significant and knowledgeable entity within the broader financial and commodities landscape.
A-Mark Precious Metals (NASDAQ: AMRK) announced a definitive agreement to acquire an additional 40% stake in Silver Gold Bull Inc. (SGB) for approximately $44 million, raising A-Mark's ownership to 47.4%. The deal includes $34 million in cash and $10 million in AMRK stock, with the acquisition expected to close in Q2 2022, subject to conditions including SGB maintaining at least $15 million in net tangible assets. SGB reported net sales of $633 million, gross profits of $41.2 million, and a customer growth of 48% year-over-year.
A-Mark Precious Metals (NASDAQ: AMRK) will host a conference call on May 5, 2022, at 4:30 p.m. Eastern to discuss its financial results for the third quarter ending March 31, 2022. The call will be accessible via U.S. and international dial-in numbers. A replay will be available until May 19, 2022. A-Mark operates as a fully integrated precious metals platform, offering a range of products through its three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. Founded in 1965, the company serves various global customer categories.
A-Mark Precious Metals reported a 28% year-over-year increase in Q2 2022 revenues, reaching $1.95 billion. Gross profit surged 252% to $65.9 million, with a gross profit margin of 3.39%. Net income for the quarter was $31.8 million, or $2.61 per diluted share, up from $8.9 million a year ago. Gold and silver sales grew significantly, with gold ounces sold increasing 32% and silver ounces up 51%. Selling expenses rose sharply by 119% due to higher costs associated with the JMB acquisition. Despite this, adjusted net income was strong at $49.0 million.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) will hold a conference call on February 8, 2022, at 4:30 p.m. Eastern time to discuss its fiscal second-quarter results for the period ending December 31, 2021. The financial results will be disclosed in a press release prior to the call. Interested parties can join the call by dialing in or accessing it via the investor relations section of A-Mark's website. A replay will be available post-call until February 22, 2022.
A-Mark Precious Metals (NASDAQ: AMRK) has secured a new three-year credit facility worth $350 million, effective December 21, 2021. This facility replaces the previous $280 million credit line and marks the largest revolving line in the company’s history. The funds will support A-Mark's growth strategy, increasing access to attractively priced capital. The company aims to leverage this credit for its Secured Lending segment and has a commitment to submit its Form 8-K regarding this agreement by December 27, 2021.
A-Mark Precious Metals (NASDAQ: AMRK) will showcase its innovative CyberMetals platform at a virtual event hosted by D.A. Davidson on December 7, 2021. This new online marketplace allows customers to buy and sell fractional shares of precious metals, providing low pricing spreads compared to traditional industry offerings. With a user-friendly interface and various payment options, CyberMetals aims to streamline digital ownership of precious metals. The platform is set for beta testing in December 2021 and commercial launch in February 2022.
A-Mark Precious Metals (NASDAQ: AMRK) has partnered with the Prax Group to achieve 100% carbon neutrality across its logistics operations. The initiative involves purchasing Verified Emission Reductions (VER) to offset greenhouse gas emissions. A-M Global Logistics, A-Mark's subsidiary, will utilize the offsets from reputable developers involved in global decarbonization projects. This commitment aims to attract institutional investors with ESG mandates and enhance A-Mark's capital costs. A-Mark, founded in 1965, operates as a leading integrated precious metals platform, providing bullion and related services.
A-Mark Precious Metals reported an 8% increase in revenues to $2.01 billion for the first quarter ended September 30, 2021, compared to $1.87 billion in the prior year. Gross profit surged 55% to $56 million but fell by 36% from the previous quarter. Net income rose slightly to $26 million, down from $51 million the prior quarter, and diluted EPS was $2.17. Silver sales increased 16% while gold sales dropped 7%. The company noted a significant rise in secured loans, up 84% year-over-year. Management expressed optimism about their integrated business model and ongoing demand for precious metals.
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.
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