Maverix Metals (MMX) Price Target Raised to C$6.30 at National Bank Financial

Maverix Metals (CVE:MMX) had its price target upped by National Bank Financial from C$3.15 to C$6.30 in a research note issued to investors on Thursday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Maverix Metals’ Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.02 EPS, Q4 2019 earnings at $0.02 EPS, FY2019 earnings at $0.06 EPS and FY2020 earnings at $0.09 EPS.

Separately, Raymond James lifted their price objective on Maverix Metals from C$2.70 to C$2.75 and gave the company an outperform rating in a research note on Thursday, May 16th.

MMX stock opened at C$5.35 on Thursday. 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 firm has a market cap of $576.45 million and a price-to-earnings ratio of 445.83. Maverix Metals has a 52-week low of C$1.45 and a 52-week high of C$5.35.

Maverix Metals (CVE:MMX) last posted its earnings results on Wednesday, May 15th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$7.54 million for the quarter, compared to analyst estimates of C$10.50 million. As a group, equities research analysts anticipate that Maverix Metals will post 0.05 earnings per share for the current fiscal year.

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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