Maverix Metals Inc. (NYSE:MMX) Expected to Earn Q1 2022 Earnings of $0.04 Per Share

Maverix Metals Inc. (NYSE:MMXGet Rating) – Equities researchers at National Bank Financial issued their Q1 2022 earnings per share (EPS) estimates for shares of Maverix Metals in a research report issued on Tuesday, April 19th. National Bank Financial analyst S. Nagle anticipates that the company will earn $0.04 per share for the quarter.

Several other research firms have also recently commented on MMX. Zacks Investment Research cut shares of Maverix Metals from a “hold” rating to a “sell” rating in a research report on Wednesday, April 13th. Raymond James upped their target price on shares of Maverix Metals from C$8.00 to C$8.75 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $7.96.

Shares of MMX opened at $4.92 on Friday. The company has a market cap of $724.25 million, a PE ratio of 28.94 and a beta of 0.92. The company has a debt-to-equity ratio of 0.03, a current ratio of 12.46 and a quick ratio of 12.46. Maverix Metals has a one year low of $3.91 and a one year high of $6.40. The stock has a 50-day moving average of $4.91 and a 200-day moving average of $4.70.

Maverix Metals (NYSE:MMXGet Rating) last announced its earnings results on Wednesday, March 16th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. Maverix Metals had a return on equity of 4.50% and a net margin of 43.42%. The business had revenue of $13.08 million during the quarter, compared to analyst estimates of $14.00 million.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, February 28th were issued a dividend of $0.0125 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Friday, February 25th. Maverix Metals’s payout ratio is 29.41%.

Hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC bought a new position in Maverix Metals in the third quarter worth approximately $60,000. UBS Group AG bought a new stake in shares of Maverix Metals during the 3rd quarter valued at $63,000. National Asset Management Inc. bought a new stake in shares of Maverix Metals during the 3rd quarter valued at $70,000. Advisor Group Holdings Inc. raised its position in shares of Maverix Metals by 2,927.3% during the 3rd quarter. Advisor Group Holdings Inc. now owns 16,650 shares of the company’s stock valued at $74,000 after purchasing an additional 16,100 shares during the period. Finally, BlackRock Inc. raised its position in shares of Maverix Metals by 99.5% during the 3rd quarter. BlackRock Inc. now owns 17,673 shares of the company’s stock valued at $79,000 after purchasing an additional 8,814 shares during the period. Institutional investors own 27.52% of the company’s stock.

Maverix Metals Company Profile (Get Rating)

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.

See Also

Earnings History and Estimates for Maverix Metals (NYSE:MMX)

Receive News & Ratings for Maverix Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maverix Metals and related companies with MarketBeat.com's FREE daily email newsletter.