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

Maverix Metals Inc. (NYSE:MMX) announced a quarterly dividend on Monday, February 22nd, Wall Street Journal reports. Investors of record on Friday, February 26th will be given a dividend of 0.01 per share on Monday, March 15th. This represents a $0.04 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, February 25th.

Maverix Metals has a payout ratio of 30.8% meaning 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%.

Maverix Metals stock opened at $5.35 on Tuesday. The firm has a 50 day moving average of $5.41 and a 200 day moving average of $5.14. The firm has a market capitalization of $751.45 million, a price-to-earnings ratio of 107.00 and a beta of 1.08. Maverix Metals has a 12-month low of $2.51 and a 12-month high of $6.10. The company has a current ratio of 4.25, a quick ratio of 4.25 and a debt-to-equity ratio of 0.13.

MMX has been the subject of several analyst reports. Zacks Investment Research lowered shares of Maverix Metals from a “hold” rating to a “sell” rating in a report on Friday, February 5th. National Bank Financial reaffirmed a “sector perform” rating on shares of Maverix Metals in a report on Monday, January 11th. Canaccord Genuity initiated coverage on shares of Maverix Metals in a report on Friday, February 5th. They set a “buy” rating and a $8.00 price objective for the company. Finally, Raymond James cut their price objective on shares of Maverix Metals from $8.50 to $8.25 and set an “outperform” rating for the company in a report on Wednesday, February 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $7.01.

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, lead, zinc, and other metals. As of December 31, 2019, it owned approximately 100 royalties, streams, and other interests in North America, South America, Australia, and internationally.

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Dividend History for Maverix Metals (NYSE:MMX)

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