Toronto Dominion Bank lifted its stake in shares of Maverix Metals Inc. (NYSE:MMX) by 37.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 55,907 shares of the company’s stock after buying an additional 15,097 shares during the quarter. Toronto Dominion Bank’s holdings in Maverix Metals were worth $244,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Proffitt & Goodson Inc. acquired a new stake in shares of Maverix Metals during the 2nd quarter worth about $32,000. Van ECK Associates Corp lifted its stake in shares of Maverix Metals by 30.0% during the 2nd quarter. Van ECK Associates Corp now owns 3,267,921 shares of the company’s stock worth $17,615,000 after buying an additional 754,763 shares during the last quarter. Euro Pacific Asset Management LLC lifted its stake in shares of Maverix Metals by 1.4% during the 2nd quarter. Euro Pacific Asset Management LLC now owns 874,413 shares of the company’s stock worth $4,713,000 after buying an additional 11,857 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Maverix Metals by 8.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 44,930 shares of the company’s stock worth $243,000 after buying an additional 3,388 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. lifted its stake in shares of Maverix Metals by 27.8% during the 2nd quarter. PCJ Investment Counsel Ltd. now owns 310,460 shares of the company’s stock worth $1,678,000 after buying an additional 67,500 shares during the last quarter. Institutional investors own 10.26% of the company’s stock.
A number of analysts have recently issued reports on MMX shares. CIBC raised their target price on shares of Maverix Metals from C$8.50 to C$9.00 and gave the stock an “outperformer” rating in a research note on Monday, August 23rd. Stifel Nicolaus lifted their price objective on shares of Maverix Metals from C$8.25 to C$8.50 and gave the stock a “buy” rating in a research note on Thursday, July 8th. Finally, Zacks Investment Research cut shares of Maverix Metals from a “buy” rating to a “hold” rating in a research note on Friday, July 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Maverix Metals presently has an average rating of “Buy” and a consensus price target of $8.00.
Maverix Metals (NYSE:MMX) last issued its quarterly earnings data on Thursday, August 12th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $14.31 million during the quarter. Maverix Metals had a net margin of 67.36% and a return on equity of 5.66%. On average, equities analysts forecast that Maverix Metals Inc. will post 0.12 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were given a $0.0125 dividend. This represents a $0.05 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Monday, August 30th. Maverix Metals’s payout ratio is presently 55.56%.
Maverix Metals Company Profile
Maverix Metals, Inc engages in the evaluation and acquisition of mining royalties and precious metals streams. Its assets include La Colorada, San Jose, Mt. Carlton, Vivien, Beta Hunt, Silvertrip, Florida Canyon, Moose River, Shalipayco and Romero. The company was founded by Geoffrey A. Burns and Daniel O’Flaherty on September 5, 2008 and is headquartered in Vancouver, Canada.
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