Maverix Metals Inc. to Post FY2019 Earnings of $0.06 Per Share, National Bank Financial Forecasts (NYSE:MMX)

Maverix Metals Inc. (NYSE:MMX) – Equities research analysts at National Bank Financial lowered their FY2019 EPS estimates for shares of Maverix Metals in a report issued on Sunday, November 17th. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of $0.06 for the year, down from their prior forecast of $0.07. National Bank Financial currently has a “Sector Perform Spec Overwgt” rating on the stock. National Bank Financial also issued estimates for Maverix Metals’ Q4 2019 earnings at $0.03 EPS, Q1 2020 earnings at $0.05 EPS and FY2020 earnings at $0.20 EPS.

Other equities analysts have also issued reports about the company. Raymond James reissued an “average” rating and set a $6.75 price target on shares of Maverix Metals in a research note on Thursday, August 15th. Zacks Investment Research downgraded Maverix Metals from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Pi Financial reissued a “buy” rating and issued a $7.00 price objective on shares of Maverix Metals in a research report on Thursday, August 15th.

NYSE MMX opened at $4.55 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 6.10 and a quick ratio of 6.76. The stock has a 50-day simple moving average of $4.20. Maverix Metals has a twelve month low of $3.10 and a twelve month high of $5.50.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can acquired a new stake in shares of Maverix Metals during the second quarter worth about $55,000. Winmill & CO. Inc. acquired a new stake in shares of Maverix Metals during the third quarter worth about $97,000. Sprott Inc. acquired a new stake in shares of Maverix Metals during the second quarter worth about $949,000. Invesco Ltd. acquired a new stake in shares of Maverix Metals during the second quarter worth about $1,083,000. Finally, U S Global Investors Inc. acquired a new stake in shares of Maverix Metals during the second quarter worth about $3,350,000. Institutional investors and hedge funds own 5.31% 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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Earnings History and Estimates for Maverix Metals (NYSE:MMX)

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