Maverix Metals (MMX) Price Target Lowered to C$3.10 at National Bank Financial

Maverix Metals (CVE:MMX) had its price objective decreased by National Bank Financial from C$3.40 to C$3.10 in a report released on Friday, March 29th, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Maverix Metals’ Q1 2019 earnings at ($0.03) EPS, Q2 2019 earnings at ($0.02) EPS, Q3 2019 earnings at ($0.02) EPS, Q4 2019 earnings at $0.00 EPS and FY2021 earnings at $0.11 EPS.

Separately, Raymond James set a C$2.70 price objective on shares of Maverix Metals and gave the company an outperform rating in a report on Wednesday, February 27th.

Shares of MMX traded down C$0.02 during midday trading on Friday, reaching C$2.69. The stock had a trading volume of 2,600 shares, compared to its average volume of 31,402. Maverix Metals has a 1-year low of C$1.33 and a 1-year high of C$2.86. The firm has a market capitalization of $579.51 million and a price-to-earnings ratio of 269.00. The company has a current ratio of 4.06, a quick ratio of 3.96 and a debt-to-equity ratio of 6.14.

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

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