Mercer Global Advisors Inc. ADV purchased a new stake in Maverix Metals Inc. (NYSE:MMX – Get Rating) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,900 shares of the company's stock, valued at approximately $62,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Maverix Metals by 24.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 31,000 shares of the company's stock worth $135,000 after purchasing an additional 6,000 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Maverix Metals during the first quarter worth about $263,000. Swiss National Bank increased its holdings in Maverix Metals by 11.8% in the first quarter. Swiss National Bank now owns 121,515 shares of the company's stock valued at $582,000 after buying an additional 12,800 shares in the last quarter. Finally, Sprott Inc. lifted its position in shares of 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 acquiring an additional 499,070 shares during the period. Institutional investors and hedge funds own 20.65% of the company's stock.
Get Maverix Metals alerts:Wall Street Analysts Forecast Growth
MMX has been the topic of a number of research reports. Stifel Nicolaus lowered their price target on Maverix Metals from C$8.25 to C$7.75 in a report on Tuesday, August 16th. Raymond James lowered their target price on Maverix Metals from C$8.00 to C$7.75 in a report on Monday, August 15th. Finally, National Bank Financial cut their price target on Maverix Metals from C$6.75 to C$6.50 in a research note on Monday, August 15th.
Maverix Metals Price Performance
MMX stock opened at $3.46 on Friday. The stock's 50 day moving average price is $4.04 and its 200 day moving average price is $4.46. The firm has a market cap of $509.82 million, a P/E ratio of 43.26 and a beta of 0.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.86 and a current ratio of 14.86. Maverix Metals Inc. has a 1 year low of $3.20 and a 1 year high of $5.45.Maverix Metals Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be given a $0.0125 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.05 annualized dividend and a dividend yield of 1.45%. Maverix Metals's dividend payout ratio is currently 62.51%.
About Maverix Metals
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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.
Further Reading
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