Shares of Maverix Metals Inc. (NYSE:MMX – Get Rating) were up 3.9% during mid-day trading on Friday . The company traded as high as $3.50 and last traded at $3.50. Approximately 2,563 shares were traded during trading, a decline of 99% from the average daily volume of 273,171 shares. The stock had previously closed at $3.37.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MMX. Stifel Nicolaus decreased their price target on Maverix Metals from C$8.25 to C$7.75 in a research note on Tuesday, August 16th. Raymond James decreased their price target on Maverix Metals from C$8.00 to C$7.75 in a research note on Monday, August 15th. Finally, National Bank Financial dropped their price objective on Maverix Metals from C$6.75 to C$6.50 in a research note on Monday, August 15th.

Maverix Metals Stock Up 1.8 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 14.86 and a quick ratio of 14.86. The stock has a market capitalization of $505.41 million, a P/E ratio of 42.13 and a beta of 0.83. The stock's fifty day moving average is $3.85 and its two-hundred day moving average is $4.37.

Maverix Metals Announces Dividend

Hedge Funds Weigh In On Maverix Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sprott Inc. raised its stake in Maverix Metals by 9.5% during the 4th quarter. Sprott Inc. now owns 5,763,917 shares of the company's stock valued at $25,158,000 after purchasing an additional 499,070 shares during the period. Loews Corp purchased a new position in shares of Maverix Metals during the second quarter valued at $1,798,000. Renaissance Technologies LLC raised its position in Maverix Metals by 78.8% during the first quarter. Renaissance Technologies LLC now owns 575,700 shares of the company's stock valued at $2,763,000 after buying an additional 253,800 shares during the period. Stansberry Asset Management LLC lifted its stake in Maverix Metals by 875.6% in the 2nd quarter. Stansberry Asset Management LLC now owns 191,879 shares of the company's stock worth $831,000 after acquiring an additional 172,211 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Maverix Metals by 125.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 248,636 shares of the company's stock worth $1,193,000 after acquiring an additional 138,398 shares during the period. Institutional investors and hedge funds own 20.65% of the company's stock.

Maverix Metals Company Profile

(Get Rating)

Maverix Metals Inc, together with its subsidiaries, operates as a precious metals royalty and streaming company in Canada. The company explores for gold, silver, lead, zinc, copper, nickel, and other metals. It has a portfolio of over 100 royalties and streams in the Americas and Australia. The company was incorporated in 2016 and is headquartered in Vancouver, Canada.

Featured Articles

• Get a free copy of the StockNews.com research report on Maverix Metals (MMX)
• 3 Banks Worth Considering For Q4
• Stock Market: 3 Islands Of Strength In A Sea Of Red
• Is There a Cure for What is Ailing Teladoc Stock?
• MarketBeat: Week in Review 9/12 – 9/16
• No One Told These 3 Stocks It's a Down Week

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.