Raymond James Comments on Maverix Metals Inc.’s FY2019 Earnings (TSE:MMX)

Maverix Metals Inc. (TSE:MMX) – Equities researchers at Raymond James reduced their FY2019 earnings per share (EPS) estimates for Maverix Metals in a note issued to investors on Wednesday, August 14th, Zacks Investment Research reports. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.07 per share for the year, down from their previous estimate of $0.08.

Maverix Metals (TSE:MMX) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C$0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.02 by C($0.01). The company had revenue of C$9.35 million for the quarter, compared to the consensus estimate of C$10.90 million.

Separately, National Bank Financial downgraded Maverix Metals from an “outperform spec overweight” rating to a “sector perform spec overwgt” rating in a report on Wednesday, August 14th.

Shares of MMX stock traded down C$0.06 on Monday, hitting C$6.34. 19,100 shares of the company’s stock traded hands, compared to its average volume of 22,164. The company has a debt-to-equity ratio of 6.24, a quick ratio of 6.60 and a current ratio of 6.77. Maverix Metals has a one year low of C$3.72 and a one year high of C$6.96. The firm has a market cap of $691.28 million and a P/E ratio of 211.33.

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, and other precious metals. It holds a portfolio of 46 development and exploration stage royalties in the United States, Canada, Australia, and internationally.

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