Raymond James Boosts Maverix Metals (CVE:MMX) Price Target to C$2.50

Maverix Metals (CVE:MMX) had its price target upped by analysts at Raymond James from C$2.25 to C$2.50 in a note issued to investors on Tuesday, October 16th. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential downside of 4.58% from the company’s current price.

Several other analysts have also issued reports on MMX. National Bank Financial raised their price target on shares of Maverix Metals from C$2.20 to C$2.50 and gave the stock an “outperform” rating in a research report on Saturday, July 14th. Pi Financial set a C$2.60 price target on shares of Maverix Metals and gave the stock a “buy” rating in a research report on Monday, October 15th.

Shares of MMX traded down C$0.10 during mid-day trading on Tuesday, hitting C$2.62. 5,700 shares of the company’s stock were exchanged, compared to its average volume of 15,417. Maverix Metals has a twelve month low of C$1.33 and a twelve month high of C$2.85. The company has a debt-to-equity ratio of 10.04, a quick ratio of 10.94 and a current ratio of 11.01.

In other news, Director Steven Busby sold 20,100 shares of the firm’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of C$2.70, for a total transaction of C$54,270.00.

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 27 streams and royalties on development projects or producing mines in the Americas and Australia, as well as in Mexico.

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