Maverix Metals (CVE:MMX) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Friday, June 28th, BayStreet.CA reports. They presently have a C$6.50 target price on the stock, up from their previous target price of C$6.30. National Bank Financial’s target price suggests a potential upside of 12.85% from the stock’s current price.
Separately, Raymond James raised their price target on Maverix Metals from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Friday, June 7th.
MMX stock remained flat at $C$5.76 during mid-day trading on Friday. The company’s stock had a trading volume of 110,723 shares, compared to its average volume of 19,566. The company has a debt-to-equity ratio of 8.45, a current ratio of 4.27 and a quick ratio of 4.16. The firm has a 50 day simple moving average of C$5.64. The firm has a market cap of $621.78 million and a P/E ratio of 230.40. Maverix Metals has a 12-month low of C$3.26 and a 12-month high of C$5.91.
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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