Maverix Metals (MMX) Gets a Buy Rating from Raymond James

Today, an analyst has provided a rating update for Maverix Metals (MMXResearch Report). Analyst Brian MacArthur from Raymond James rated Maverix Metals (MMXResearch Report) a Buy, setting a C$2.75 price target.

According to TipRanks.com, MacArthur ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -2.7% and a 41.2% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Trevali Mining Corporation, and Osisko Gold Royalties Ltd.

Maverix Metals has an analyst consensus of Moderate Buy, with a price target consensus of C$2.93.

Based on Maverix Metals’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$1.15 million. In comparison, last year the company had a net profit of C$1.21 million.

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, Florida Canyon, Moose River, Shalipayco, and Romero.

The company’s shares closed on Thursday at C$2.68, close to its 52-week high of C$2.86.