Maverix Metals Inc. (NYSE:MMX) announced a quarterly dividend on Monday, February 22nd, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, February 25th.
Maverix Metals has a dividend payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 NYSE:MMX opened at $5.35 on Tuesday. The company 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 business has a 50-day moving average price of $5.41 and a 200 day moving average price of $5.14. 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 a number of research analyst reports. Canaccord Genuity began coverage on shares of Maverix Metals in a research report on Friday, February 5th. They set a “buy” rating and a $8.00 price objective for the company. National Bank Financial reiterated a “sector perform” rating on shares of Maverix Metals in a report on Monday, January 11th. Raymond James lowered their target price on Maverix Metals from $8.50 to $8.25 and set an “outperform” rating for the company in a report on Wednesday, February 3rd. Finally, Zacks Investment Research lowered shares of Maverix Metals from a “hold” rating to a “sell” rating in a research note on Friday, February 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $7.01.
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, 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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