Maverix Metals: Q1 Earnings Snapshot

VANCOUVER, British Columbia (AP) _ Maverix Metals Inc. (MMX) on Friday reported first-quarter net income of $14.8 million.

On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 10 cents. Earnings, adjusted for non-recurring gains, came to 4 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The precious metals royalty and streaming company posted revenue of $13.1 million in the period.

Maverix Metals shares have risen nearly 5% since the beginning of the year. The stock has risen 29% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MMX at https://www.zacks.com/ap/MMX