Gold.com (GOLD) Shares Surge 9.8% to $42.83 Amid Strong Volume
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: NASDAQ.COM
- Significant Price Surge: Gold.com shares soared 9.8% in the last trading session to close at $42.83, with trading volume significantly exceeding normal levels, indicating strong market confidence in its performance.
- Sustained Growth Momentum: The stock has gained 23% over the past four weeks and has maintained its rally for three consecutive days, reflecting robust performance driven by its comprehensive operations in the precious metals sector.
- Acquisition Strengthens Market Position: Gold.com recently completed its acquisition of established precious metals dealer Monex, enhancing its ability to offer secured financing and design proprietary silver products, thereby solidifying its competitive edge.
- Optimistic Earnings Expectations: The upcoming quarterly report is expected to show earnings of $0.70 per share, representing a year-over-year increase of 27.3%, and while revenues are projected to decline by 0.5% to $2.73 billion, the stability in earnings estimates may positively influence the stock price.
Analyst Views on GOLD
Wall Street analysts forecast GOLD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOLD is 24.76 USD with a low forecast of 21.76 USD and a high forecast of 31.20 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 40.090
Low
21.76
Averages
24.76
High
31.20
Current: 40.090
Low
21.76
Averages
24.76
High
31.20
About GOLD
Gold.com, Inc., formerly A-Mark Precious Metals, Inc., provides fully integrated alternative assets platform. It offers a range of precious metals, numismatic coins, and collectibles to consumers, collectors, and institutional clients. Its flagship brands include JMBullion.com, Stack’s Bowers Galleries, GovMint.com, and Goldline. Its Direct-to-Consumer segment provides access to a multitude of products through its subsidiaries. Its Wholesale and Trading segment distributes and purchases precious metal products from sovereign and private mints through its subsidiaries. Its Logistics and Storage segment supports its Direct-to-Consumer brands as well as wholesale clients through precious metals receiving, storage, and delivery. It also provides collateralized lending across the bullion and numismatic markets. It unites retail brands with minting, logistics, trading, lending, and auction services for precious metals, rare coins and currency, and other collectibles.
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.
