What Percentage Of Maverix Metals Inc. (TSE:MMX) Shares Do Insiders Own?

If you want to know who really controls Maverix Metals Inc. (TSE:MMX), then you'll have to look at the makeup of its share registry. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.

With a market capitalization of CA$806m, Maverix Metals is a small cap stock, so it might not be well known by many institutional investors. In the chart below, we can see that institutions own shares in the company. Let's delve deeper into each type of owner, to discover more about Maverix Metals.

View our latest analysis for Maverix Metals

ownership-breakdown
TSX:MMX Ownership Breakdown July 16th 2022

What Does The Institutional Ownership Tell Us About Maverix Metals?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

As you can see, institutional investors have a fair amount of stake in Maverix Metals. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Maverix Metals' earnings history below. Of course, the future is what really matters.

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TSX:MMX Earnings and Revenue Growth July 16th 2022

Maverix Metals is not owned by hedge funds. Newmont Corporation is currently the company's largest shareholder with 29% of shares outstanding. For context, the second largest shareholder holds about 18% of the shares outstanding, followed by an ownership of 8.9% by the third-largest shareholder. Furthermore, CEO Daniel O'Flaherty is the owner of 2.2% of the company's shares.

A more detailed study of the shareholder registry showed us that 3 of the top shareholders have a considerable amount of ownership in the company, via their 55% stake.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

Insider Ownership Of Maverix Metals

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.