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.
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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