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Today, A-Mark Precious Metals Inc Inc (NASDAQ: AMRK) stock gained $ 1.06, up 2.24%. A-mark precious metals opened at $ 47.34 before trading between $ 48.35 and $ 47.34 throughout the Friday session. The activity caused A-Mark Precious Metals’ market cap to jump to $ 538,436,866 on 37,738 shares – below its 30-day average of 60,490.
A-Mark Precious Metals has around 126 employees and is headquartered in El Segundo, California.
About A-Mark Precious Metals Inc
Founded in 1965, A-Mark Precious Metals, Inc. (NASDAQ: AMRK) is a leading full-service precious metals trading company and wholesaler in gold, silver, platinum, and palladium bars and related products. The company’s global customer base includes government and private mints, manufacturers and processors, refineries, traders, financial institutions, industrial users, investors, collectors, and e-commerce and other retail customers. The company conducts its business in three complementary segments: Wholesale and Ancillary Services, Secured Lending and Direct Selling. A-Mark operates multiple business units in its wholesale and ancillary services segment, including industrial, coins and bars, trade and finance, warehousing, logistics, and the mint (as detailed below). The Industry division serves manufacturers and manufacturers of products that use precious metals, while the Coins and Bars division sells over 200 different products for distribution to dealers and other qualified buyers. As an authorized buyer of gold, silver and platinum coins by the US Mint, A-Mark purchases precious metal products directly from the US Mint for sale to customers. A-Mark also has distribution partnerships with other sovereign mints including Australia, Austria, Canada, China, Mexico, South Africa and the UK. Through its subsidiary Transcontinental Depository Services, A-Mark offers its customers a variety of managed storage options for precious metals worldwide. Through its subsidiary AM Global Logistics, A-Mark offers its customers a range of complementary services, including receipt, handling, inventory, processing, packaging and shipping of precious metals and customized coins on a secure basis. A-Mark also holds a controlling interest in a joint venture that owns the mints known as SilverTowne Mint (Mint), which develop and manufacture minted silver products that provide customers with greater product choices, price stability within the supply chain, and more secured access to silver in volatile market environments. The company operates its secured lending segment through its wholly owned subsidiaries, Collateral Finance Corporation (CFC) and AM Capital Funding, LLC (AMCF). Founded in 2005, CFC is a licensed financial lender that issues and purchases loans secured by gold bars and numismatic coins. Customers include coin and precious metal dealers, investors and collectors. AMCF was founded in 2018 to securitize Eligible Secured Loans from CFC. A-Mark operates its direct sales segment primarily through its wholly owned subsidiary Goldline Inc. (Goldline), a direct trader of precious metals to the investing community. Goldline markets A-Mark’s precious metal products through a variety of channels including radio, television and the Internet. A-Mark is headquartered in El Segundo, California, with offices and facilities in Los Angeles, California, Vienna, Austria, Las Vegas, Nevada, and Winchester, Indiana.
Visit A-Mark Precious Metals Inc’s profile for more information.
Via the Nasdaq Stock Exchange
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For more information about A-Mark Precious Metals Inc. and to keep track of the latest updates from the company, please visit the company’s profile page here: A-Mark Precious Metals Inc. Profile. For more news on the financial markets, see Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories in your inbox 5 days a week.
Sources: The chart is provided by TradingView based on 15 minute delayed prices. All other data will be provided by IEX Cloud starting at 8:05 p.m. ET on the day of publication.
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