|Over a month ago|
Maverix Metals 9M share Spot Secondary priced at $4.40 » 09:4105/2905/29/20
Raymond James and PI…
Raymond James and PI Financial acted as joint book running managers for the offering.
Maverix Metals announces offering of 9M common shares by Pan American Silver » 16:5405/2805/28/20
Maverix Metals (MMX) and…
Maverix Metals (MMX) and Pan American Silver Corp. (PAAS) announced that they have entered into an agreement with a syndicate of underwriters led by Raymond James Ltd. and PI Financial Corp., pursuant to which Pan American will undertake an overnight marketed public offering of 9M common shares of Maverix currently held by Pan American.
Maverix Metals price target lowered to C$7.60 from C$7.90 at Stifel » 10:5605/1905/19/20
Stifel analyst Ingrid…
Stifel analyst Ingrid Rico lowered the firm's price target on Maverix Metals to C$7.60 from C$7.90 and keeps a Buy rating on the shares.
|Over a quarter ago|
Maverix Metals provides update regarding COVID-19, withdraws production guidance » 06:1303/2403/24/20
Maverix Metals is…
Maverix Metals is providing an update to its shareholders in light of the evolving and unpredictable impacts of the outbreak of COVID-19 as it relates to the company's royalty and stream interests. As the situation regarding COVID-19 is ever-changing, Maverix is unable to determine the impacts that it will have on global mining production levels for the year and has made the decision to withdraw the company's 2020 attributable gold equivalent ounce guidance. To date, no specific announcements have been made by any of Maverix's operating partners indicating a material impact on the mining operations on which the company currently holds a royalty or stream. As circumstances surrounding COVID-19 continue to develop it is reasonable to anticipate that some of Maverix's assets could be impacted. Maverix will continue to monitor the situation closely and update the market as additional information becomes available.
Maverix sees FY20 production 27,000-30,000 attributable gold equivalent ounces » 09:0402/1802/18/20
Maverix sees FY20 27,000…
Maverix sees FY20 27,000 to 30,000 attributable gold equivalent ounces with approximately 97% of expected revenue derived from gold and silver. Dan O'Flaherty, CEO of Maverix, commented "Maverix had another successful year capped off by a fourth consecutive year of record gold equivalent ounces in 2019. We expect to build off this performance with further growth in 2020 from our existing assets. We also remain focused on adding new accretive precious metals royalties and streams to our portfolio."
Maverix Metals reports 7,000 attributable gold equivalent ounces in Q4 » 09:0202/1802/18/20
Maverix Metals announced…
Maverix Metals announced record gold equivalent ounces for 2019. Maverix recorded approximately 7,000 attributable gold equivalent ounces in the Q4 and a record of approximately 24,000 attributable gold equivalent ounces for the FY19. The 2019 result was on the upper end of the previously announced guidance range and represents an increase of 15% compared to 2018. FY19 highlights include: record annual gold equivalent ounces; acquired a portfolio of 24 royalties from Kinross Gold and welcomed Kinross as a new shareholder of the Company; Increased the royalty on TMAC Resources' Hope Bay mine from 1.0% to 2.5%; acquired a 22.5% silver stream on Ascendant Resources' El Mochito mine; completed listing on the NYSE American Exchange and the Toronto Stock Exchange; Declared an inaugural quarterly dividend; and amended and increased the revolving credit facility to $120M.
Fly Intel: Top five analyst initiations » 10:0912/1912/19/19
CRK, MGNX, REAL, MMX, TACT
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Comstock Resources (CRK) initiated with a Neutral at MKM Partners. 2. MacroGenics (MGNX) initiated with an Overweight at Cantor Fitzgerald. 3. RealReal (REAL) initiated with a Buy at Needham. 4. Maverix Metals (MMX) initiated with an Outperformer at CIBC. 5. Transact Technologies (TACT) resumed with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
CIBC starts 'pure-play' Maverix Metals with Outperformer rating » 07:2912/1912/19/19
CIBC analyst Alex Hunchak…
CIBC analyst Alex Hunchak last night initiated coverage of Maverix Metals with an Outperformer rating and C$7.75 price target. With a "clear" precious metals focus, limited concentration risk, and "strong" near-term growth, Maverix is a pure-play royalty company that should continue to re-rate towards its larger royalty peers, Hunchak tells investors in a research note.
Maverix Metals initiated with an Outperformer at CIBC » 16:1712/1812/18/19
CIBC initiated coverage…
CIBC initiated coverage of Maverix Metals with an Outperformer rating and C$7.75 price target.
Maverix Metals upgraded to Overweight from Neutral at Cantor Fitzgerald » 10:5212/0312/03/19
Cantor Fitzgerald upgraded Maverix Metals to Overweight from Neutral with a $7 price target.