Maverix Metals (NYSE:MMX) Trading Up 0.5%

Maverix Metals Inc. (NYSE:MMXGet Rating)’s share price was up 0.5% during mid-day trading on Thursday . The stock traded as high as $4.46 and last traded at $4.46. Approximately 5,643 shares traded hands during trading, a decline of 98% from the average daily volume of 262,220 shares. The stock had previously closed at $4.44.

Several research analysts have issued reports on MMX shares. Raymond James raised their price objective on shares of Maverix Metals from C$8.00 to C$8.75 in a research report on Wednesday, April 20th. National Bank Financial lifted their target price on shares of Maverix Metals from C$6.75 to C$7.00 in a report on Wednesday, April 20th.

The company has a debt-to-equity ratio of 0.03, a current ratio of 17.91 and a quick ratio of 17.91. The stock has a market cap of $683.69 million, a price-to-earnings ratio of 49.34 and a beta of 0.90. The company’s 50 day moving average is $4.55 and its 200 day moving average is $4.56.

Maverix Metals (NYSE:MMXGet Rating) last announced its earnings results on Friday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $14.65 million during the quarter. Maverix Metals had a net margin of 22.00% and a return on equity of 4.63%. Sell-side analysts predict that Maverix Metals Inc. will post 0.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were issued a $0.0125 dividend. The ex-dividend date was Friday, May 27th. This represents a $0.05 dividend on an annualized basis and a yield of 1.08%. Maverix Metals’s payout ratio is 55.56%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in Maverix Metals by 45.1% during the first quarter. JPMorgan Chase & Co. now owns 10,129 shares of the company’s stock worth $49,000 after buying an additional 3,147 shares during the period. HighTower Advisors LLC lifted its position in shares of Maverix Metals by 33.0% during the first quarter. HighTower Advisors LLC now owns 17,950 shares of the company’s stock worth $84,000 after purchasing an additional 4,450 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Maverix Metals by 24.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 31,000 shares of the company’s stock worth $135,000 after purchasing an additional 6,000 shares in the last quarter. BlackRock Inc. lifted its position in shares of Maverix Metals by 38.2% during the first quarter. BlackRock Inc. now owns 24,419 shares of the company’s stock worth $117,000 after purchasing an additional 6,746 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Maverix Metals by 0.5% during the first quarter. Invesco Ltd. now owns 1,537,303 shares of the company’s stock worth $7,379,000 after purchasing an additional 8,304 shares in the last quarter. Institutional investors own 27.85% of the company’s stock.

Maverix Metals Company Profile (NYSE:MMX)

Maverix Metals Inc, together with its subsidiaries, operates as a precious metals royalty and streaming company in Canada. The company explores for gold, silver, lead, zinc, copper, nickel, and other metals. It has a portfolio of over 100 royalties and streams in the Americas and Australia. The company was incorporated in 2016 and is headquartered in Vancouver, Canada.

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