Maverix Metals Inc. (NYSE:MMX) has been assigned a consensus broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have given a buy rating to the company.
Analysts have set a one year consensus price objective of $5.62 for the company and are predicting that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also given Maverix Metals an industry rank of 34 out of 255 based on the ratings given to related companies.
Several research analysts have commented on MMX shares. National Bank Financial downgraded shares of Maverix Metals from an “outperform spec overweight” rating to a “sector perform spec overwgt” rating in a research report on Wednesday, August 14th. Zacks Investment Research downgraded shares of Maverix Metals from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Pi Financial restated a “buy” rating and set a $7.00 price objective on shares of Maverix Metals in a research report on Thursday, August 15th. Finally, Raymond James restated an “average” rating and set a $6.75 price objective on shares of Maverix Metals in a research report on Thursday, August 15th.
Maverix Metals (NYSE:MMX) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $6.99 million for the quarter, compared to analyst estimates of $8.11 million. Analysts forecast that Maverix Metals will post 0.06 EPS for the current year.
Several large investors have recently made changes to their positions in the company. Winmill & CO. Inc. acquired a new position in shares of Maverix Metals during the third quarter worth $97,000. Invesco Ltd. acquired a new position in shares of Maverix Metals during the second quarter worth $1,083,000. Sprott Inc. acquired a new position in shares of Maverix Metals during the second quarter worth $949,000. U S Global Investors Inc. acquired a new position in shares of Maverix Metals during the second quarter worth $3,350,000. Finally, Bank of Montreal Can acquired a new position in shares of Maverix Metals during the second quarter worth $55,000. Institutional investors 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.
Further Reading: Is the QQQ ETF safe?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Maverix Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maverix Metals and related companies with MarketBeat.com's FREE daily email newsletter.