Zacks Investment Research downgraded shares of Maverix Metals (NYSE:MMX) from a hold rating to a sell rating in a report issued on Friday morning, Zacks.com reports.

According to Zacks, “Maverix Metals Inc. is a gold royalty and streaming company. It is based in Vancouver, Canada. “

Separately, Stifel Nicolaus lowered their price target on shares of Maverix Metals from $7.90 to $7.60 and set a buy rating on the stock in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Maverix Metals currently has a consensus rating of Hold and an average price target of $6.97.

NYSE:MMX opened at $4.20 on Friday. Maverix Metals has a fifty-two week low of $2.51 and a fifty-two week high of $5.72. The stock has a market capitalization of $510.16 million and a P/E ratio of -69.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 6.66 and a current ratio of 6.66. The company’s 50-day simple moving average is $4.49 and its 200-day simple moving average is $4.42.

Maverix Metals (NYSE:MMX) last released its quarterly earnings results on Friday, May 15th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Maverix Metals had a negative net margin of 21.01% and a positive return on equity of 3.00%. The firm had revenue of $9.29 million during the quarter, compared to the consensus estimate of $11.25 million. On average, research analysts forecast that Maverix Metals will post 0.06 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Monday, June 29th. Maverix Metals’s dividend payout ratio (DPR) is presently 66.67%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. purchased a new stake in Maverix Metals during the first quarter worth $25,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Maverix Metals in the first quarter worth about $66,000. Winmill & CO. Inc. acquired a new position in shares of Maverix Metals in the first quarter worth about $79,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Maverix Metals during the 4th quarter worth about $609,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Maverix Metals during the 4th quarter valued at about $1,307,000. Institutional investors own 6.16% 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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