Costco Members Are Buying Platinum. Should You?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 14 2024
0mins
Should l Buy COST?
Source: WSJ
Costco's New Offering: Costco has introduced platinum bars to its precious metal offerings, capitalizing on the popularity of gold and silver, despite platinum being less recognized by investors.
Platinum Market Insights: Platinum is significantly rarer than gold and remains a smaller investment market, with many investors still unfamiliar with it, according to experts from the World Platinum Investment Council and Abrdn.
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Analyst Views on COST
Wall Street analysts forecast COST stock price to rise
24 Analyst Rating
19 Buy
4 Hold
1 Sell
Strong Buy
Current: 978.140
Low
769.00
Averages
1061
High
1205
Current: 978.140
Low
769.00
Averages
1061
High
1205
About COST
Costco Wholesale Corporation (Costco) operates membership warehouses and e-commerce sites that offer a selection of nationally branded and private-label products in a wide range of categories. The Company buys the majority of its merchandise directly from suppliers and route it to cross-docking consolidation points (depots) or directly to its warehouses. It operates 891 warehouses, including 614 in the United States and Puerto Rico, 108 in Canada, 40 in Mexico, 35 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, and one each in Iceland, New Zealand and Sweden. It also operates e-commerce sites in the United States, Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan and Australia. The Company provides wide selection of merchandise, plus the convenience of specialty departments and exclusive member services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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