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 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.
A-Mark Precious Metals (NASDAQ: AMRK) has issued guidance for its fiscal third quarter ending March 31, 2021, anticipating net income before taxes between $29 million and $32 million—an increase of 116% to 139% year-over-year. Net income attributable to the company is projected at $22 million to $25 million, up approximately 95% to 121% compared to last year. Earnings per diluted share are expected to be between $2.90 and $3.20, marking an increase of 80% to 99%. The guidance supports a proposed public offering of 2.8 million shares aimed at funding the acquisition of JM Bullion, pending SEC approval.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) announced a public offering of 2.8 million shares, including 2.5 million from the Company and 300,000 from selling stockholders. The offering also allows for an overallotment option of 420,000 shares. Proceeds will primarily fund the acquisition of JM Bullion, Inc., if completed; otherwise, funds will be used for general corporate purposes. The registration statement with the SEC is pending effectiveness.
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