Raymond James Increases Maverix Metals (CVE:MMX) Price Target to C$6.00

Maverix Metals (CVE:MMX) had its price target hoisted by analysts at Raymond James from C$5.50 to C$6.00 in a report released on Friday, June 7th, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 4.17% from the company’s current price. Raymond James also issued estimates for Maverix Metals’ Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.03 EPS, Q4 2019 earnings at $0.03 EPS, FY2019 earnings at $0.07 EPS, Q1 2020 earnings at $0.03 EPS, Q2 2020 earnings at $0.04 EPS, Q3 2020 earnings at $0.04 EPS, Q4 2020 earnings at $0.04 EPS and FY2020 earnings at $0.14 EPS.

Separately, National Bank Financial upped their price objective on Maverix Metals from C$3.15 to C$6.30 and gave the company an “outperform” rating in a research report on Thursday, May 23rd.

Maverix Metals stock traded up C$0.01 during mid-day trading on Friday, hitting C$5.76. The company had a trading volume of 110,723 shares, compared to its average volume of 19,566. The company has a quick ratio of 4.16, a current ratio of 4.27 and a debt-to-equity ratio of 8.45. The business has a 50 day simple moving average of C$4.70. Maverix Metals has a 12 month low of C$3.26 and a 12 month high of C$5.91. The company has a market capitalization of $620.70 million and a P/E ratio of 230.40.

Maverix Metals (CVE:MMX) last released its earnings results on Wednesday, May 15th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$7.54 million during the quarter, compared to the consensus estimate of C$10.50 million. Equities research analysts predict that Maverix Metals will post 0.0896875 EPS for the current fiscal year.

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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