Maverix Metals Inc. (NYSE:MMX – Get Rating) saw an uptick in trading volume on Friday . 6,525 shares traded hands during mid-day trading, a decline of 95% from the previous session’s volume of 136,947 shares.The stock last traded at $3.60 and had previously closed at $3.68.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on MMX. Stifel Nicolaus decreased their target price on Maverix Metals from C$8.25 to C$7.75 in a research report on Tuesday, August 16th. Raymond James reduced their price objective on Maverix Metals from C$8.00 to C$7.75 in a research note on Monday, August 15th. Finally, National Bank Financial reduced their price objective on Maverix Metals from C$6.75 to C$6.50 in a research note on Monday, August 15th.
Maverix Metals Stock Performance
The stock has a market cap of $524.57 million, a P/E ratio of 44.51 and a beta of 0.74. The business has a 50 day moving average price of $4.20 and a 200 day moving average price of $4.50. The company has a quick ratio of 17.91, a current ratio of 14.86 and a debt-to-equity ratio of 0.03.
Maverix Metals Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.0125 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.40%. Maverix Metals’s dividend payout ratio is 62.51%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its stake in Maverix Metals by 24.0% in 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. Sprott Inc. grew its stake in Maverix Metals by 9.5% in the fourth quarter. Sprott Inc. now owns 5,763,917 shares of the company’s stock worth $25,158,000 after purchasing an additional 499,070 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Maverix Metals in the first quarter worth approximately $263,000. Swiss National Bank lifted its holdings in Maverix Metals by 11.8% during the first quarter. Swiss National Bank now owns 121,515 shares of the company’s stock worth $582,000 after buying an additional 12,800 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Maverix Metals during the first quarter worth $62,000. Institutional investors own 27.85% of the company’s stock.
About Maverix Metals
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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