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EL SEGUNDO, Calif. - A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a prominent precious metals platform with a market capitalization of $588 million, has announced the return of Cary Dickson as Chief Financial Officer, effective July 1, 2025. Dickson, who previously held the CFO position from November 2015 to September 2019, will rejoin the company on May 2, 2025, as Executive Vice President. He is set to take over the role following the retirement of the current CFO, Kathleen Simpson-Taylor, at the end of the fiscal year. The company currently trades at $23.82, showing a significant return over the past week according to InvestingPro data.
CEO Greg Roberts expressed his satisfaction with Dickson’s return, citing his familiarity with the company’s operations and his extensive professional experience. Dickson is expected to lead A-Mark’s efforts to integrate its recently acquired businesses, focusing on operational efficiencies and strategic initiatives. The company has maintained profitability with diluted earnings per share of $2.15 over the last twelve months and generates strong free cash flows, as revealed by InvestingPro analysis, which offers 8 additional key insights about AMRK’s financial health.
Dickson’s career includes a recent partnership with financial services firm Hardesty LLC and a stint as CFO of Entrepreneurial Corporate Group. His past roles also include various finance positions at Mattel, Inc.
Simpson-Taylor, who joined A-Mark in January 2016 and became CFO in September 2019, acknowledged the growth the company experienced under her tenure and expressed her eagerness to assist Dickson during the transition period.
A-Mark’s Board of Directors has also approved three-year contract extensions for President Thor Gjerdrum and COO Brian Aquilino, securing their positions through June 30, 2028. Gjerdrum has been with A-Mark since 2002, serving in various executive roles, while Aquilino has been part of the company since 2001 and became COO in March 2020.
The company, founded in 1965, operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. It provides a wide range of precious metals products to a diverse customer base, including sovereign and private mints, manufacturers, dealers, financial institutions, and collectors.
This announcement is based on a press release statement from A-Mark Precious Metals, Inc.
In other recent news, A-Mark Precious Metals reported a significant increase in sales, totaling $2.742 billion, which surpassed DA Davidson’s projection of $1.790 billion. Despite a 32% year-over-year revenue increase, the company experienced a decline in gross profits due to tighter spreads caused by higher gold and silver prices. A-Mark also completed several acquisitions, including Spectrum Group International and Pinehurst Coin Exchange, aimed at enhancing its presence in the collectible coin market. These acquisitions are expected to bolster A-Mark’s market reach and improve its gross margins.
Additionally, DA Davidson adjusted its price target for A-Mark to $35 from $43 while maintaining a Buy rating, citing the company’s strategic acquisitions and financial strategies. The firm highlighted A-Mark’s proactive measures in mergers and acquisitions, which are anticipated to drive future earnings. The company also amended its credit facility, enhancing its financial flexibility. A-Mark’s recent moves are part of its strategy to expand its operations and strengthen its market position amidst a challenging environment.
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