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A-Mark Precious Metals Scores 100!

Even with low-performance gold in the short term, other precious metals are taking off – and companies like A-Mark that run them offer a golden opportunity to investors.


It’s time for another spotlight on Green Zone Ratings’ hot list, where we here at Money Moves highlight one stock from Green Zone’s weekly hot rating list.

(If you want to get ours 10 Hottest list of green area We will email you every week, Click here. We always get to talk about one of the choices, but there is nine Other star options available to you. Let FOMO guide you, as children say nowadays!)

Selecting the Green Zone Hot List This week gets a perfect score of 100 on our green zone rating scale, which means we are “strong bulls” in the stock.

The stock is A-Mark Precious Metals. A-Mark operates in the following sectors: wholesale trade and related services, secured loans and direct to the consumer. The wholesale trade sector and related services offer gold, silver, platinum and palladium in the form of bars, plates, powder, waffles, grain, ingots and coins.

The secured lending sector serves precious currency and metal traders, investors and collectors. A direct consumer segment sells precious metals to the investor community.

And the company has been advancing recently.

According to Zacks“In its most recent earnings report on February 8, 2022, A-Mark reported an EPS of $ 2.61 compared to a consensus estimate of $ 1.34.”

For the current fiscal year, A-Mark is expected to post earnings of $ 7.93 per share on revenue of $ 7.86 billion.

And if you noticed recently, Precious metals are precious… very expensive!

As of this writing, gold is trading at just under $ 2,000, palladium is trading at $ 2,500 and platinum is trading at around $ 1,000.

On top of that, money is traded at $ 25 … and for fans of William Jennings Brian – who does not? – “You shall not crucify mankind on a cross of gold.”

(See? Yes I did notice in high school history class!)

Precious metal companies like A-Mark benefit from the rise in price of metals like platinum, which is used in jewelry, as well as converters for cars, trucks and buses. It accounts for 50% of platinum demand and is effective at converting emissions from automotive engines to less harmful waste products.

The electronics industry uses platinum for computers’ hard disks and thermocouples.

You could say that these companies bring the “bling” as the children used to say.

Then there is palladium, which is used to limit toxic emissions in car exhausts and is also used to make electronics, dentistry and jewelry.

Palladium has been mined in South Africa and Russia. Oh, shit … Russia. Again we repeat this. Russia is simply a big mess for all things nowadays, whether it is natural gas and oil or fertilizer. Russia just kills the atmosphere.

Palladium Has been in short supply for the past decade and has not been able to keep up with demand.

And now there is a war. Just when it did not seem to be more expensive to buy palladium, it happened.

When it comes to gold, many investors see it as a hedge against inflation, which we certainly have a lot of at the moment.

But the historical data on gold which is an effective hedge against inflation are mixed.

A study conducted By Duke University professor Campbell Harvey and Claude Arb, they discovered that gold does a good job only in maintaining purchasing power over longer periods of time – like in a century.

So, unless you’re a vampire, this may not be the investment for you.

Also, over the past 40 years, gold has only had an annual return of 3.6% per annum compared to 8% for the Treasury and 12% for the S&P 500.

Sorry for the rain on the Golden Parade, but I’m just the messenger. Do not shoot me.

If you planned to rob Ft. Knox as Mr. Goldfinger, you may want to reconsider.

But if you are looking for a hot stock desire To help you get along as a robber, I present the A-Mark for your consideration.

A-Mark Precious Metals Scores 100! Source link A-Mark Precious Metals Scores 100!

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