A-Mark Precious Metals gains on upbeat Q4 profit
01/09/2023 17:55
** Shares of integrated precious metals platform A-Mark
Precious Metals AMRK.O up 11.7% at $38.11
** Co posts fiscal Q4 EPS of $1.71 vs. avg. analysts' EPS
est of $1.42 - Refinitiv
** AMRK's gold sales rose 27% to 814,000 ounces for the
reported quarter
** Co adds that direct-to-consumer new customers for Q4
increased 85% to 90,400
** "AMRK reported an impressive F4Q23 (Jun) rev and EPS
beat, benefiting from a robust precious metals market in April
and May after the failure of SVB in mid-March," brokerage Roth
MKM writes in a note
** Including the session's gains, stock is up ~10% YTD
(Reporting by Sourasis Bose in Bengaluru)
((Sourasis.bose@thomsonreuters.com))