Wall St futures steady with Fed meeting underway; Powell remarks awaited
Investing.com - DA Davidson has reiterated its Buy rating and $29.00 price target on A-Mark Precious Metals (NASDAQ:AMRK) despite recent market conditions that historically challenge the company’s profitability. According to InvestingPro data, the stock trades at a P/E of 14.85x and has seen a -42.43% return over the past year, suggesting potential value opportunity despite current headwinds.
The precious metals trading firm reported profits of $29.2 million, significantly exceeding the Street average estimate of $24.8 million, according to DA Davidson analyst Michael Baker. With annual revenue reaching $11 billion and a gross margin of 1.92%, InvestingPro analysis reveals both challenges and opportunities in the company’s financial health. Get access to 8 more exclusive ProTips and comprehensive financial metrics with InvestingPro.
The company achieved this earnings beat despite what the research firm described as "little turmoil and strong and consistent equity markets" in recent months following a strong start in April around market volatility associated with Liberation Day.
Baker noted that A-Mark faced "continued lackluster demand" in the precious metals market, a condition that typically doesn’t favor the company’s business model.
The profit outperformance was attributed to "a significant gross margin beat" as the company successfully integrated its recent acquisitions, effectively offsetting the challenging market environment.
In other recent news, A-Mark Precious Metals reported its Q4 2025 earnings, revealing a slight decline in quarterly revenue alongside a significant drop in net income. Despite these financial challenges, the company emphasized its strong gross profit growth and ongoing strategic expansions. These developments are part of a broader effort to stabilize its financial performance amid fluctuating market conditions. The earnings report did not mention any changes in analyst ratings or mergers, focusing instead on the internal financial metrics. The company’s strategic initiatives may be aimed at countering the revenue and net income declines. Additionally, there was no mention of any new partnerships or significant operational changes. Investors may find these recent developments noteworthy as they assess the company’s financial health and strategic direction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.