Gold.com Q4 Revenue Nearly Doubles to $5B on Acquisitions and Gold Prices
GOLD sits 89% above its 52-week low of $22.
Summary
Gold.com reported fiscal Q4 revenue of $5.01 billion, a 99% jump from last year, driven by higher gold and silver prices and the acquisitions of Monex and SMI. EPS came in at $0.41, flat year-over-year, while gross margin declined to 2.2%. The company declared a $1.00 per share special dividend. This follows a strong Q3 where revenue rose 244% to $10.35 billion, indicating continued momentum. The stock trades at 14 times forward earnings, with a median analyst price target of $60, suggesting upside from the current $41.5 level.
At the time of this announcement, GOLD was trading at $41.50 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $22.00 to $66.70. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.