Maverix Metals (MMX) Receives a Buy from National Bank

By Jason Carr

The Materials sector company, Maverix Metals (MMXResearch Report), has received a rating update from a Wall Street analyst today. National Bank’s analyst Don DeMarco reiterates their Buy rating on the shares, with a C$3.10 price target.

According to TipRanks.com, DeMarco is a 3-star analyst with an average return of 4.4% and a 50.7% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Golden Star Resources Ltd, and Detour Gold Corporation.

Currently, the analyst consensus on Maverix Metals is a Moderate Buy with an average price target of C$2.90, representing a 12.4% upside. In a report released today, Raymond James also maintained a Buy rating on the stock with a C$2.70 price target.

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The company has a one-year high of C$2.86 and a one-year low of C$1.33. Currently, Maverix Metals has an average volume of 27.21K.

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$2.58.