Northland analyst Greg Gibas lowered the firm’s price target on A-Mark Precious Metals (AMRK) to $36 from $40 and keeps a Market Perform rating on the shares after the company reported Q2 results that the firm says reflected the continued challenging environment, driven by elevated gold prices and lower volatility. The firm continues to believe the stock “remains relatively cheap,” but does not anticipate meaningful appreciation until there is visibility on an improvement in the greater demand environment and/or metals markets.
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