A-Mark Precious Metals (AMRK) AI Stock Analysis

• Market Cap: $672.05M
• Dividend Yield: 2.93%
• Average Volume (3M): 338.45K
• Price to Earnings (P/E): 93.0
• Beta (1Y): 0.60
• Revenue Growth: 20.29%
• EPS Growth: -87.68%
• Country: US
• Employees: 482
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 0.20
• Shares Outstanding: 24,644,386
• 10 Day Avg. Volume: 376,868
• 30 Day Avg. Volume: 338,455
• PEG Ratio: -0.40
• Price to Book (P/B): 0.81
• Price to Sales (P/S): 0.05
• P/FCF Ratio: 3.44
• Enterprise Value/Market Cap: 2.02
• Enterprise Value/Revenue: 0.11
• Enterprise Value/Gross Profit: 5.65
• Enterprise Value/Ebitda: 15.91
• 1Y Price Target: $44.33
• Price Target Upside: 62.56% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 2.32
• Revenue Forecast (FY): $12.47B

• Rating: 60 Neutral
• Price Target: $27.00 ▼(-0.99% Downside)

A-Mark Precious Metals' overall stock score reflects a mixed financial performance with strong revenue growth and improved cash flow metrics. However, challenges in profitability, overvaluation concerns, and bearish technical indicators weigh on the score. The earnings call provided insights into strategic growth opportunities, but also highlighted operational challenges that need to be addressed for sustained performance.

Positive Factors

Revenue Growth

Strong revenue growth indicates a robust demand for A-Mark's products and services, suggesting a solid market position and potential for continued expansion.

Strategic Acquisition

The acquisition enhances A-Mark's market reach and customer base, providing a competitive edge and supporting long-term growth in the direct-to-consumer segment.

International Expansion

International expansion into Asia opens new markets and revenue streams, positioning A-Mark for sustained growth and diversification of its business operations.

Negative Factors

Decline in Silver Sales

A significant decline in silver sales could impact revenue and profitability, highlighting potential challenges in maintaining product demand and market share.

Increased SG&A Expenses

Rising SG&A expenses may pressure profit margins, indicating operational inefficiencies that could hinder financial performance if not addressed.

Net Loss for the Quarter

A net loss indicates financial challenges, potentially affecting investor confidence and requiring strategic adjustments to improve profitability.

A-Mark Precious Metals Business Overview & Revenue Model

Company Description

A-Mark Precious Metals, Inc., together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products. The Direct-to-Consumer segment provides access to an array of gold, silver, copper, platinum, and palladium products through its websites and marketplaces. It operates five company-owned websites targeting specific niches within the precious metals retail market. This segment also operates as a direct retailer of precious metals to the investor community and markets its precious metal products on television, radio, and the internet, as well as through customer service outreach. The Secured Lending segment originates and acquires commercial loans secured by bullion and numismatic coins; and serves coin and precious metal dealers, investors, and collectors. The company serves customers, including financial institutions, bullion retailers, industrial manufacturers and fabricators, sovereign mints, refiners, coin and metal dealers, investors, collectors, and e-commerce and other retail customers. It has operations in the United States, rest of North America, Europe, the Asia Pacific, Africa, and Australia. A-Mark Precious Metals, Inc. was founded in 1965 and is headquartered in El Segundo, California.

How the Company Makes Money

A-Mark generates revenue primarily through the buying and selling of precious metals, earning profits from the spread between purchase and sale prices. Key revenue streams include wholesale trading of bullion and coins, where the company capitalizes on market fluctuations and customer demand. Additionally, A-Mark offers storage and logistics services for precious metals, which also contribute to its earnings. The company has established significant partnerships with mining companies, financial institutions, and other entities in the precious metals market, further enhancing its revenue potential through increased transaction volumes and service offerings.

A-Mark Precious Metals Financial Statement Overview

Summary

A-Mark Precious Metals shows strong revenue growth and improved cash flow metrics, indicating positive future performance. However, low profit margins and return on equity highlight challenges in profitability. The balance sheet reflects improved leverage, but further efforts are needed to enhance shareholder returns.

Income Statement

A-Mark Precious Metals shows a mixed performance in its income statement. The company has experienced a positive revenue growth rate of 8.8% TTM, indicating a strong upward trajectory. However, the gross profit margin is relatively low at 1.9%, and the net profit margin is also thin at 0.16%, suggesting limited profitability. The EBIT and EBITDA margins are modest, reflecting operational challenges. Overall, while revenue growth is promising, profitability remains a concern.

Balance Sheet

The balance sheet of A-Mark Precious Metals reveals a moderate financial position. The debt-to-equity ratio has improved to 0.54 TTM, indicating better leverage management compared to previous periods. Return on equity is low at 2.75% TTM, reflecting limited returns for shareholders. The equity ratio stands at a healthy 24.9%, suggesting a stable capital structure. While leverage has decreased, the company needs to enhance its profitability to improve ROE.

Cash Flow

A-Mark Precious Metals demonstrates strong cash flow performance with a significant free cash flow growth rate of 222.4% TTM. The operating cash flow to net income ratio is 0.14, indicating efficient cash generation relative to net income. The free cash flow to net income ratio is high at 0.95, showing robust cash flow conversion. Despite past volatility, the recent improvement in cash flow metrics is a positive sign for financial stability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	11.94B	10.98B	9.70B	9.29B	8.16B	7.61B
Gross Profit	240.37M	210.92M	173.25M	294.67M	261.76M	210.20M
EBITDA	85.40M	90.39M	133.71M	247.22M	215.71M	223.46M
Net Income	7.40M	17.32M	68.55M	156.36M	132.54M	159.64M
Balance Sheet
Total Assets	2.58B	2.22B	1.83B	1.55B	1.44B	1.19B
Cash, Cash Equivalents and Short-Term Investments	89.22M	77.74M	48.64M	39.32M	37.78M	101.41M
Total Debt	297.53M	906.72M	775.11M	670.58M	597.72M	484.57M
Total Liabilities	1.88B	1.51B	1.17B	945.18M	952.19M	827.64M
Stockholders Equity	643.97M	649.52M	607.63M	599.12M	488.61M	362.62M
Cash Flow
Free Cash Flow	463.25M	141.67M	45.16M	-40.11M	-92.05M	-54.77M
Operating Cash Flow	475.29M	152.35M	60.93M	-30.32M	-89.17M	-52.65M
Investing Cash Flow	-131.56M	-104.67M	-63.60M	6.84M	-60.56M	-130.39M
Financing Cash Flow	-301.44M	-18.58M	11.98M	25.02M	86.11M	232.13M

A-Mark Precious Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 27.27
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMRK, the sentiment is Positive. The current price of 27.27 is above the 20-day moving average (MA) of 25.79, above the 50-day MA of 26.44, and above the 200-day MA of 24.11, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 58.42 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMRK.

A-Mark Precious Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SIEB	69 Neutral	$125.32M	17.03	8.43%	―	8.47%	-32.22%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FUFU	66 Neutral	$492.58M	7.93	38.27%	―	29.96%	66.09%
BGC	65 Neutral	$4.05B	26.11	18.16%	0.93%	24.77%	35.85%
BTBT	65 Neutral	$750.93M	5.98	22.44%	―	9.52%	496.04%
AMRK	60 Neutral	$672.05M	93.01	1.18%	2.93%	20.29%	-87.68%
SNEX	58 Neutral	$4.47B	15.44	14.62%	―	32.52%	14.52%

A-Mark Precious Metals Corporate Events

A-Mark Precious Metals’ Earnings Call: Strategic Moves Amid Challenges

A-Mark Precious Metals Inc. recently held its earnings call, revealing a mixed bag of strategic successes and financial challenges. The sentiment was cautiously optimistic, with significant strategic moves such as the acquisition of Monex Deposit Company and rebranding to gold.com. However, these positives were tempered by a decline in silver sales, increased SG&A expenses, and a net loss for the quarter, highlighting both opportunities and hurdles for the company.

A-Mark Precious Metals Reports Q1 2026 Results and Monex Acquisition

A-Mark Precious Metals, Inc. is a fully integrated precious metals platform that operates across wholesale, direct-to-consumer, and secured lending segments, offering a wide range of bullion, numismatic coins, and related products globally. In its fiscal first quarter of 2026, A-Mark Precious Metals reported a significant increase in revenue, reaching $3.68 billion, a 36% rise compared to the same quarter last year. However, the company faced a net loss of $0.9 million, a stark contrast to the $9.0 million net income reported in the previous year. This quarter was marked by the announcement of a definitive agreement to acquire Monex Precious Metals, a leading direct-to-consumer precious metals dealer in the U.S., for $33 million. This acquisition is expected to enhance A-Mark’s direct-to-consumer presence and operational synergies. Despite the revenue growth, A-Mark’s gross profit margin saw a decline from the previous quarter, and the company experienced a decrease in net income due to increased selling, general, and administrative expenses, as well as higher interest expenses. Looking ahead, A-Mark’s management remains optimistic about the company’s position in the market, emphasizing the potential benefits of the Monex acquisition and the company’s fully integrated platform to navigate future market conditions.

A-Mark Precious Metals’ Earnings Call: Mixed Sentiments Amid Growth

A-Mark Precious Metals Inc. recently held its earnings call, revealing a mixed sentiment among stakeholders. The company celebrated notable achievements such as strong gross profit growth, successful strategic acquisitions, and expansion into Asia. However, these positives were counterbalanced by challenges including declines in gold and silver sales, increased SG&A expenses, and a decrease in new customers, painting a picture of both triumphs and hurdles.

A-Mark Precious Metals Reports 2025 Financial Results

A-Mark Precious Metals, Inc. is a fully integrated precious metals platform that operates in the wholesale and retail sectors, offering a wide range of bullion and numismatic products. The company has a global presence and serves a diverse customer base, including mints, manufacturers, and collectors.

A-Mark Precious Metals Amends Credit Agreement

On August 21, 2025, A-Mark Precious Metals, Inc. entered into an Amended and Restated Credit Agreement with CIBC Bank USA and other parties, which modifies its previous credit agreement from December 21, 2021. The new agreement extends the termination date to September 30, 2027, reduces the revolving commitment to $422.5 million, and increases the permitted secured lease obligations to $400 million, potentially impacting the company’s financial flexibility and operational strategy.

The most recent analyst rating on (AMRK) stock is a Hold with a $24.00 price target. To see the full list of analyst forecasts on A-Mark Precious Metals stock, see the AMRK Stock Forecast page.