Maverix Metals (NYSE:MMX) Stock Rating Reaffirmed by Raymond James

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Raymond James reaffirmed their average rating on shares of Maverix Metals (NYSE:MMX) in a report published on Thursday morning, AnalystRatings.com reports. The firm currently has a $6.75 price objective on the stock.

Separately, Zacks Investment Research downgraded Maverix Metals from a hold rating to a sell rating in a report on Tuesday, July 23rd.

Shares of NYSE MMX opened at $4.80 on Thursday. Maverix Metals has a 12-month low of $2.50 and a 12-month high of $5.50.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new stake in shares of Maverix Metals during the second quarter valued at about $55,000. Sprott Inc. acquired a new stake in shares of Maverix Metals in the 2nd quarter valued at $949,000. Invesco Ltd. acquired a new stake in shares of Maverix Metals in the 2nd quarter valued at $1,083,000. U S Global Investors Inc. acquired a new stake in shares of Maverix Metals in the 2nd quarter valued at $3,350,000. Finally, Tocqueville Asset Management L.P. acquired a new stake in shares of Maverix Metals in the 2nd quarter valued at $12,998,000. Hedge funds and other institutional investors own 2.76% of the company’s stock.

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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