Maverix Metals Inc. (NYSE:MMX) Declares $0.01 Quarterly Dividend

Maverix Metals Inc. (NYSE:MMX) announced a quarterly dividend on Monday, May 18th, Wall Street Journal reports. Investors of record on Tuesday, June 30th will be paid a dividend of 0.01 per share on Wednesday, July 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Monday, June 29th.

Maverix Metals has a payout ratio of 57.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Maverix Metals to earn $0.10 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 40.0%.

Shares of MMX opened at $4.26 on Friday. Maverix Metals has a 1-year low of $2.51 and a 1-year high of $5.72. The company has a 50-day moving average of $4.50 and a 200 day moving average of $4.42. The firm has a market capitalization of $510.16 million and a price-to-earnings ratio of -70.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.66 and a quick ratio of 6.66.

Maverix Metals (NYSE:MMX) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.01 EPS for the quarter, missing the consensus estimate 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 business had revenue of $9.29 million during the quarter, compared to the consensus estimate of $11.25 million. On average, equities analysts anticipate that Maverix Metals will post 0.06 earnings per share for the current fiscal year.

MMX has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on shares of Maverix Metals from $7.90 to $7.60 and set a “buy” rating for the company in a report on Tuesday, May 19th. Zacks Investment Research lowered shares of Maverix Metals from a “hold” rating to a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Maverix Metals presently has a consensus rating of “Hold” and an average target price of $6.97.

About Maverix Metals

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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