Maverix Metals Inc. (NYSE:MMX) Given Average Rating of “Buy” by Brokerages

Maverix Metals Inc. (NYSE:MMX) has been given a consensus broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Brokers have set a 1-year consensus price target of $5.52 for the company and are forecasting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned Maverix Metals an industry rank of 63 out of 255 based on the ratings given to its competitors.

A number of analysts have commented on the stock. Cantor Fitzgerald upgraded shares of Maverix Metals from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 3rd. Zacks Investment Research cut Maverix Metals from a “hold” rating to a “sell” rating in a report on Thursday, December 5th.

Shares of NYSE:MMX traded up $0.02 during trading on Monday, reaching $4.49. The stock had a trading volume of 65,555 shares, compared to its average volume of 70,098. The company has a current ratio of 6.10, a quick ratio of 6.10 and a debt-to-equity ratio of 0.25. Maverix Metals has a 1-year low of $3.10 and a 1-year high of $5.50. The company has a market cap of $484.97 million and a PE ratio of 224.50. The stock has a fifty day moving average of $4.28.

Maverix Metals (NYSE:MMX) last released its earnings results on Tuesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02. The business had revenue of $10.58 million during the quarter, compared to analyst estimates of $9.73 million. Maverix Metals had a net margin of 14.82% and a return on equity of 2.22%. Research analysts expect that Maverix Metals will post 0.05 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Tocqueville Asset Management L.P. purchased a new position in shares of Maverix Metals during the 2nd quarter worth $12,998,000. U S Global Investors Inc. purchased a new stake in shares of Maverix Metals during the 2nd quarter valued at approximately $3,350,000. Invesco Ltd. acquired a new position in Maverix Metals in the second quarter valued at approximately $1,083,000. Sprott Inc. acquired a new position in Maverix Metals in the second quarter valued at approximately $949,000. Finally, Winmill & CO. Inc. purchased a new position in Maverix Metals in the third quarter worth approximately $97,000. Institutional investors own 6.11% of the company’s stock.

Maverix Metals Company Profile

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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