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How A-Mark Precious Metals (AMRK) Stock Stands Out in a Strong Industry

Zacks Equity Research
·2 min read

One stock that might be an intriguing choice for investors right now is A-Mark Precious Metals, Inc. AMRK. This is because this security in the Precious Metals and Jewels space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Precious Metals and Jewels space as it currently has a Zacks Industry Rank of 1 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, A-Mark Precious Metals is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

A-Mark Precious Metals, Inc. Price and Consensus

AMark Precious Metals, Inc. Price and Consensus
AMark Precious Metals, Inc. Price and Consensus


A-Mark Precious Metals, Inc. price-consensus-chart | A-Mark Precious Metals, Inc. Quote

In fact, over the past month, current quarter estimates have risen from 64 cents per share to $1.30 per share, while current year estimates have risen from $3.50 per share to $6.04 per share. This has helped AMRK to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position.   You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider A-Mark Precious Metals. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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AMark Precious Metals, Inc. (AMRK) : Free Stock Analysis Report
 
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Zacks Investment Research