Maverix Metals Inc. (NYSE:MMX) – Stock analysts at Raymond James boosted their Q3 2021 earnings per share (EPS) estimates for Maverix Metals in a research report issued on Tuesday, June 8th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.04 for the quarter, up from their prior estimate of $0.03. Raymond James also issued estimates for Maverix Metals’ FY2021 earnings at $0.14 EPS.
Separately, Canaccord Genuity upgraded shares of Maverix Metals from a “hold” rating to a “buy” rating and raised their price target for the stock from $8.00 to $8.25 in a research note on Thursday, May 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Maverix Metals presently has a consensus rating of “Hold” and a consensus price target of $6.96.
Maverix Metals (NYSE:MMX) last announced its quarterly earnings results on Friday, May 14th. The company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. Maverix Metals had a net margin of 70.49% and a return on equity of 5.88%. The business had revenue of $13.08 million for the quarter.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Monday, May 31st will be given a dividend of $0.0125 per share. The ex-dividend date of this dividend is Friday, May 28th. This represents a $0.05 annualized dividend and a dividend yield of 0.85%. This is a boost from Maverix Metals’s previous quarterly dividend of $0.01. Maverix Metals’s payout ratio is currently 33.33%.
A number of institutional investors and hedge funds have recently made changes to their positions in MMX. Van ECK Associates Corp grew its holdings in Maverix Metals by 234,555.3% in the first quarter. Van ECK Associates Corp now owns 2,513,158 shares of the company’s stock worth $13,244,000 after purchasing an additional 2,512,087 shares during the period. U S Global Investors Inc. raised its position in Maverix Metals by 84.9% in the first quarter. U S Global Investors Inc. now owns 1,568,157 shares of the company’s stock worth $8,249,000 after acquiring an additional 720,157 shares during the period. Stifel Financial Corp bought a new position in Maverix Metals in the fourth quarter worth approximately $1,455,000. D. E. Shaw & Co. Inc. bought a new position in Maverix Metals in the first quarter worth approximately $743,000. Finally, ExodusPoint Capital Management LP bought a new position in Maverix Metals in the fourth quarter worth approximately $666,000. Institutional investors and hedge funds own 10.27% of the company’s stock.
Maverix Metals Company Profile
Maverix Metals Inc operates as a precious metals royalty and streaming company. The company explores for gold, silver, lead, zinc, copper, nickel, and other metals. As of December 31, 2020, it owned approximately 100 royalties, streams, and other interests in North America, South America, Australia, and internationally.
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