Maverix Metals (NYSE:MMX) Rating Increased to Overweight at Cantor Fitzgerald

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Maverix Metals (NYSE:MMX) was upgraded by analysts at Cantor Fitzgerald from a “neutral” rating to an “overweight” rating in a note issued to investors on Tuesday, The Fly reports.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Maverix Metals from a “buy” rating to a “hold” rating in a report on Friday, October 25th. National Bank Financial cut Maverix Metals from an “outperform spec overweight” rating to a “sector perform spec overwgt” rating in a research note on Wednesday, August 14th. Pi Financial reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Maverix Metals in a research note on Thursday, August 15th. Finally, Raymond James reiterated an “average” rating and issued a $6.75 target price on shares of Maverix Metals in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $6.17.

NYSE:MMX traded up $0.07 during trading hours on Tuesday, hitting $4.34. 19,819 shares of the company were exchanged, compared to its average volume of 16,728. The company has a market cap of $468.77 million and a PE ratio of 217.00. The company has a quick ratio of 6.10, a current ratio of 6.10 and a debt-to-equity ratio of 0.25. Maverix Metals has a one year low of $3.10 and a one year high of $5.50. The business’s fifty day moving average is $4.24.

Several large investors have recently bought and sold shares of the company. Bank of Montreal Can acquired a new stake in shares of Maverix Metals during the second quarter worth $55,000. Winmill & CO. Inc. bought a new position in Maverix Metals during the third quarter worth $97,000. Sprott Inc. bought a new position in Maverix Metals during the second quarter worth $949,000. Invesco Ltd. acquired a new position in Maverix Metals in the second quarter valued at $1,083,000. Finally, U S Global Investors Inc. acquired a new position in Maverix Metals in the second quarter valued at $3,350,000. 6.11% of the stock is currently owned by institutional investors.

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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