Shares of Maverix Metals Inc. (NYSE:MMX) have been given a consensus rating of “Buy” by the six analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $7.17.
MMX has been the subject of a number of analyst reports. CIBC initiated coverage on Maverix Metals in a research report on Wednesday, December 18th. They set an “outperformer” rating and a $7.75 price objective for the company. Zacks Investment Research raised Maverix Metals from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. Finally, Cantor Fitzgerald raised Maverix Metals from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 3rd.
Hedge funds have recently bought and sold shares of the stock. Sprott Inc. increased its position in Maverix Metals by 17.1% during the 4th quarter. Sprott Inc. now owns 244,101 shares of the company’s stock valued at $1,393,000 after buying an additional 35,718 shares in the last quarter. Integrated Advisors Network LLC bought a new position in Maverix Metals during the 4th quarter valued at approximately $166,000. Penbrook Management LLC bought a new position in Maverix Metals during the 4th quarter valued at approximately $51,000. Renaissance Technologies LLC bought a new position in Maverix Metals during the 4th quarter valued at approximately $1,307,000. Finally, Amundi Pioneer Asset Management Inc. bought a new position in Maverix Metals during the 4th quarter valued at approximately $609,000. 5.74% of the stock is owned by institutional investors.
Maverix Metals (NYSE:MMX) last announced its earnings results on Thursday, March 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Maverix Metals had a positive return on equity of 3.30% and a negative net margin of 22.20%. The firm had revenue of $10.31 million during the quarter, compared to analyst estimates of $9.98 million. On average, equities analysts forecast that Maverix Metals will post 0.1 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Monday, March 30th. Maverix Metals’s dividend payout ratio (DPR) is presently 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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