Overview
Precious metals platform's fiscal Q3 revenue rose 244% yr/yr, driven by record metal prices
Fiscal Q3 diluted EPS rebounded to $2.09 from a loss in prior-year quarter
Company announced quarterly cash dividend and completed strategic partnership with Tether
Outlook
Gold.com says it is positioned to capture growth across multiple markets
Company expects expanded production capabilities following recent acquisitions
Company sees opportunities in both physical and digital gold markets
Result Drivers
RECORD METAL PRICES - Co said higher average selling prices of gold and silver and elevated market volatility drove revenue and profit growth
ACQUISITIONS - Co said acquisitions of Monex, SGI, Pinehurst, and AMS contributed to revenue and gross profit increases
HIGHER ORDER VALUES - Co reported substantial increases in average order value and active customers in Direct-to-Consumer and JM Bullion segments
Company press release: ID:nGNX2PCJTr
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$10.35 bln
Q3 EPS
$2.09
Q3 Net Income
$59.49 mln
Q3 Gross Margin
1.71%
Q3 Gross Profit
$176.60 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialty mining & metals peer group is "buy"
Wall Street's median 12-month price target for Gold.com Inc is $58.50, about 36.1% above its May 5 closing price of $42.97
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 17 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)