Citigroup Inc. Makes New Investment in Maverix Metals Inc. (NYSE:MMX)


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Citigroup Inc. acquired a new stake in Maverix Metals Inc. (NYSE:MMX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 11,672 shares of the company’s stock, valued at approximately $64,000.

Other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank increased its position in shares of Maverix Metals by 11.2% in the fourth quarter. Toronto Dominion Bank now owns 39,195 shares of the company’s stock valued at $215,000 after acquiring an additional 3,953 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Maverix Metals during the 4th quarter worth approximately $55,000. Sentry Investment Management LLC raised its stake in shares of Maverix Metals by 1.6% during the 4th quarter. Sentry Investment Management LLC now owns 994,754 shares of the company’s stock worth $5,431,000 after purchasing an additional 15,252 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Maverix Metals during the 4th quarter worth approximately $109,000. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of Maverix Metals in the 4th quarter valued at approximately $262,000. 11.48% of the stock is owned by institutional investors and hedge funds.

Maverix Metals stock opened at $5.54 on Thursday. The company’s 50-day moving average price is $5.16 and its two-hundred day moving average price is $5.26. The company has a quick ratio of 4.25, a current ratio of 4.25 and a debt-to-equity ratio of 0.13. The stock has a market cap of $781.57 million, a P/E ratio of 110.80 and a beta of 1.08. Maverix Metals Inc. has a twelve month low of $3.68 and a twelve month high of $6.10.

Maverix Metals (NYSE:MMX) last posted its earnings results on Monday, March 22nd. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. Maverix Metals had a return on equity of 4.87% and a net margin of 16.03%. Equities analysts anticipate that Maverix Metals Inc. will post 0.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Thursday, February 25th. Maverix Metals’s dividend payout ratio is 66.67%.

MMX has been the topic of several analyst reports. Raymond James dropped their price target on shares of Maverix Metals from $8.50 to $8.25 and set an “outperform” rating on the stock in a research report on Wednesday, February 3rd. National Bank Financial reiterated a “sector perform” rating on shares of Maverix Metals in a research note on Monday, January 11th. Zacks Investment Research cut Maverix Metals from a “hold” rating to a “sell” rating in a report on Friday, February 5th. Finally, Canaccord Genuity started coverage on Maverix Metals in a research note on Friday, February 5th. They issued a “buy” rating and a $8.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Maverix Metals currently has an average rating of “Buy” and an average target price 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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Institutional Ownership by Quarter for Maverix Metals (NYSE:MMX)

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