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, Inc. reported a strong fiscal second quarter for 2021, with revenues increasing 44% to $1.52 billion year-over-year. Gross profit surged 131% to $18.8 million, though it fell 48% from the previous quarter. Net income jumped to $8.9 million or $1.16 per diluted share, compared to $1.2 million or $0.17 a year ago. Gold and silver ounces sold both saw increases, with gold up 12% and silver up 51%. Selling, general and administrative expenses climbed 15% to $9.0 million. The outlook remains positive, driven by a favorable market and strategic investments.
A-Mark Precious Metals (NASDAQ: AMRK) has announced the acquisition of the remaining 79.5% of JM Bullion, Inc. for $138.3 million, valuing JMB at $174 million. The deal includes $103.7 million in cash and $34.6 million in A-Mark common stock. JMB's strong performance includes net sales of $1.49 billion and a 120% increase in silver sales year-over-year. This acquisition aims to diversify channels, broaden the brand portfolio, and expand logistics. The transaction is expected to close in Q1 2021, subject to regulatory approval.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) will hold a conference call on February 9, 2021, at 5:00 p.m. Eastern time to discuss its fiscal second quarter results ended December 31, 2020. The financial results will be released prior to the call. The presentation will be hosted by CEO Greg Roberts, President Thor Gjerdrum, and CFO Kathleen Simpson-Taylor, followed by a Q&A session. The call can be accessed via U.S. and international numbers, and a replay will be available afterward until February 23, 2021.
A-Mark Precious Metals (NASDAQ: AMRK) has acquired a 31.1% stake in Sunshine Minting, Inc. (SMI), enhancing its position in the global precious metals market. This strategic investment builds on a 30-year relationship, enabling A-Mark to tap into SMI's state-of-the-art minting facilities and expand its product offerings. A-Mark aims to leverage identified synergies and support SMI's growth under the leadership of CEO Tom Power. This acquisition is expected to reinforce A-Mark's long-term growth plans and strengthen its market presence.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) reported a strong fiscal Q1 2021, with revenues soaring 26% to $1.87 billion, driven by increased sales of gold and silver. Gross profit surged 333% to $36.1 million, reflecting a gross margin of 1.94%. Net income reached $23.1 million or $3.09 per diluted share, compared to just $128,000 a year prior. As a result, A-Mark's Board approved a non-recurring special dividend of $1.50 per share, payable on November 30, 2020. The company’s solid performance stemmed from heightened market demand and operational scalability amid economic uncertainties.
A-Mark Precious Metals (NASDAQ: AMRK) will hold its fiscal Q1 2021 results conference call on November 10, 2020, at 4:30 p.m. Eastern Time. CEO Greg Roberts, President Thor Gjerdrum, and CFO Kathleen Simpson-Taylor will present the results, followed by a Q&A session. Financial results will be released prior to the call. Investors can access the live broadcast and a replay on A-Mark's website. The company, established in 1965, specializes in precious metals trading and operates through multiple segments including Wholesale Trading, Secured Lending, and Direct Sales.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) will hold a conference call on September 10, 2020, at 4:30 PM ET to discuss its fiscal fourth quarter and annual results for the period ending June 30, 2020. The call will be hosted by CEO Greg Roberts, President Thor Gjerdrum, and CFO Kathleen Simpson-Taylor, followed by a Q&A session. Interested parties can access the call via U.S. and international dial-in numbers, with an option for replay available until September 24, 2020. The company is a leading provider in the global precious metals market, offering various products and services.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) announced the expansion of its credit facility from $220 million to $257.5 million, effective September 2, 2020, and maturing on March 26, 2021. This expansion reflects strong support from lending partners and aims to enhance liquidity amidst rising commodity prices. CEO Greg Roberts emphasized the facility's importance given the current market conditions. Further details will be filed in a Form 8-K by September 4, 2020.
A-Mark Precious Metals reported fiscal Q3 2020 results, revealing a 1% decrease in revenues to $1.26 billion compared to Q3 2019, but a 19% increase from Q2 2020. Gross profit surged 158% to $22.5 million, driven by wider trading spreads. Net income was $11.3 million or $1.61 per diluted share, up from $990,000 in the previous year. Sales of gold and silver increased by 7% and 54%, respectively. Despite the revenue drop, the company's performance benefited from macroeconomic demand for precious metals.
A-Mark Precious Metals (NASDAQ: AMRK) is set to hold a conference call on May 7, 2020, at 4:30 p.m. Eastern time to discuss its fiscal third quarter results ending March 31, 2020. Key executives, including CEO Greg Roberts, will lead the presentation followed by a Q&A session. Interested parties can join the call via U.S. dial-in at 1-888-224-1005 or international dial-in 1-856-344-9316. A replay will be accessible after the call until May 21, 2020.
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