Maverix Metals (CVE:MMX) Price Target Cut to C$8.00

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Maverix Metals (CVE:MMX) had its price objective dropped by equities research analysts at Raymond James from C$8.25 to C$8.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 38.89% from the stock’s current price.

Separately, Canaccord Genuity set a C$8.00 target price on Maverix Metals and gave the company a “buy” rating in a research report on Friday, February 5th.

CVE:MMX opened at C$5.76 on Tuesday. Maverix Metals has a 52 week low of C$3.26 and a 52 week high of C$5.82. 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 stock has a market capitalization of C$621.78 million and a PE ratio of 230.40. The stock’s 50-day moving average price is C$5.76 and its 200-day moving average price is C$5.76.

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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