Maverix Metals (TSE:MMX) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Maverix Metals (TSE:MMX) issued its quarterly earnings results on Wednesday. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.02 by C($0.01), reports. The company had revenue of C$9.35 million for the quarter, compared to the consensus estimate of C$10.90 million.

Shares of TSE:MMX opened at C$6.40 on Friday. The company has a debt-to-equity ratio of 6.24, a current ratio of 6.77 and a quick ratio of 6.60.

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

Maverix Metals Company Profile

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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