Gold.com (NYSE: GOLD): Canaccord Cuts Target Despite Strong Fiscal 2026 Growth

• Analyst Maintains Buy Rating: Canaccord Genuity maintained a Buy rating on Gold.com (NYSE: GOLD) but lowered its price target from $70 to $65.
• Strong Full-Year Growth: Fiscal 2026 revenue increased 132% to $25.51 billion, while net income reached $82.3 million, or $3.02 per diluted share.
• Mixed Fourth Quarter: Quarterly revenue nearly doubled year over year, but both revenue and earnings fell below analyst expectations.

Gold.com (NYSE: GOLD), formerly A-Mark Precious Metals, operates a vertically integrated platform for precious metals, numismatic coins, currency, and collectibles.

On September 3, 2026, Canaccord Genuity maintained its Buy rating but lowered its price target from $70 to $65. Based on a share price of $43.82, the revised target implied potential upside of approximately 48.3%.

For fiscal 2026, Gold.com’s revenue increased 132% to $25.51 billion, supported by acquisitions, higher precious-metal prices, increased gold volumes, and forward sales. Net income rose to $82.3 million, or $3.02 per diluted share, from $17.3 million, or $0.71 per share, in fiscal 2025. Non-GAAP EBITDA increased 179% to $179.8 million.

The company declared a $1 special dividend in addition to its regular quarterly dividend of $0.20. CEO Gregory Roberts described fiscal 2026 as a “transformational year,” reflecting the company’s rebranding, NYSE listing, organic expansion, and acquisitions.

Fourth-quarter results were less impressive. Revenue increased 99% year over year to $5.01 billion, while net income rose 18% to $12.2 million. However, diluted EPS of $0.41 missed the $0.96 estimate, and revenue fell short of the approximately $5.67 billion forecast. Revenue also declined 52% sequentially, while net income fell 80%.

Analyst sentiment remains positive but varies by provider. Zacks reported an average brokerage recommendation of 1.33, while MarketBeat lists a Moderate Buy consensus and an average price target of approximately $59.75.

Overall, Gold.com delivered substantial full-year growth, but weaker fourth-quarter results and declining margins help explain Canaccord’s lower price target.