National Bankshares Boosts Maverix Metals (CVE:MMX) Price Target to C$7.00

Maverix Metals (CVE:MMXGet Rating) had its price objective raised by research analysts at National Bankshares from C$6.75 to C$7.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. National Bankshares’ target price suggests a potential upside of 21.53% from the stock’s previous close.

Separately, Raymond James set a C$8.00 target price on shares of Maverix Metals and gave the stock an “outperform” rating in a report on Thursday, March 17th.

Shares of Maverix Metals stock traded up C$0.26 during trading hours on Wednesday, reaching C$5.76. The company’s stock had a trading volume of 110,721 shares, compared to its average volume of 19,566. The stock has a market cap of C$621.78 million and a P/E ratio of 230.40. The business has a fifty day simple moving average of C$5.76. Maverix Metals has a one year low of C$3.26 and a one year 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.

In other Maverix Metals news, Senior Officer Daniel O’flaherty sold 90,344 shares of the company’s stock in a transaction dated Thursday, March 24th. The shares were sold at an average price of C$6.26, for a total value of C$565,734.13. Following the completion of the sale, the insider now directly owns 159,600 shares of the company’s stock, valued at approximately C$999,415.20. Also, Senior Officer Matthew Gordon Fargey sold 13,219 shares of the stock in a transaction dated Monday, March 28th. The shares were sold at an average price of C$6.27, for a total transaction of C$82,866.61. Following the completion of the sale, the insider now owns 222,993 shares of the company’s stock, valued at approximately C$1,397,887.37. Over the last 90 days, insiders have sold 104,363 shares of company stock worth $653,545.

Maverix Metals Company Profile (Get Rating)

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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