Raymond James Sticks to Their Buy Rating for Maverix Metals (MMX)
Maverix Metals (MMX), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Brian MacArthur from Raymond James reiterated a Buy rating, with a C$2.70 price target.
According to TipRanks.com, MacArthur has 0 stars on 0-5 star ranking scale with an average return of -4.8% and a 38.5% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Osisko Gold Royalties Ltd, and Teck Resources Limited.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Maverix Metals with a C$2.92 average price target, a 18.2% upside from current levels. In a report issued on November 22, National Bank also maintained a Buy rating on the stock with a C$3.10 price target.
Based on Maverix Metals’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$819K. In comparison, last year the company had a net profit of C$704K.
Maverix Metals, Inc. engages in the evaluation and acquisition of mining royalties and precious metals streams. Its assets include La Colorada, San Jose, Mt. Carlton, Vivien, Beta Hunt, Silvertrip, Florda Canyon, Moose River, Shalipayco, Romero, and Mpokoto.
The company’s shares closed on Friday at C$2.47.