Maverix Metals Inc. (NYSE:MMX) has been given an average recommendation of “Buy” by the seven analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $7.28.
MMX has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Maverix Metals from a “sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Stifel Nicolaus lowered their price objective on shares of Maverix Metals from $7.90 to $7.60 and set a “buy” rating on the stock in a research report on Tuesday, May 19th.
Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC bought a new stake in Maverix Metals in the fourth quarter worth approximately $1,307,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Maverix Metals in the first quarter worth $66,000. Invesco Ltd. lifted its stake in shares of Maverix Metals by 10.4% in the first quarter. Invesco Ltd. now owns 635,000 shares of the company’s stock worth $2,115,000 after buying an additional 60,000 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Maverix Metals in the first quarter worth $1,612,000. Finally, Winmill & CO. Inc. acquired a new stake in shares of Maverix Metals in the first quarter worth $79,000. 6.16% of the stock is owned by institutional investors.
Maverix Metals stock opened at $4.67 on Thursday. The firm’s 50 day simple moving average is $4.41 and its 200-day simple moving average is $4.40. The company has a market cap of $598.37 million and a P/E ratio of -77.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.66 and a quick ratio of 6.66. Maverix Metals has a fifty-two week low of $2.51 and a fifty-two week high of $5.72.
Maverix Metals (NYSE:MMX) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). Maverix Metals had a negative net margin of 21.01% and a positive return on equity of 3.00%. The company had revenue of $9.29 million for the quarter, compared to analysts’ expectations of $11.25 million. On average, analysts expect that Maverix Metals will post 0.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Monday, June 29th. Maverix Metals’s dividend payout ratio is 66.67%.
About Maverix Metals
Maverix Metals Inc, a precious metals royalty and streaming company, engages in the exploration and development of mineral properties. The company explores for gold, silver, and other precious metals. It holds a portfolio of 46 development and exploration stage royalties in the United States, Canada, Australia, and internationally.
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