Maverix Metals’ (MMX) Buy Rating Reaffirmed at Pi Financial

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Pi Financial reissued their buy rating on shares of Maverix Metals (NYSE:MMX) in a research report released on Thursday, AnalystRatings.com reports. The brokerage currently has a $7.00 price target on the stock.

Several other equities analysts also recently commented on the company. Raymond James reaffirmed an average rating and issued a $6.75 price objective on shares of Maverix Metals in a research report on Thursday. Zacks Investment Research downgraded Maverix Metals from a hold rating to a sell rating in a research report on Tuesday, July 23rd.

Shares of Maverix Metals stock opened at $4.80 on Thursday. Maverix Metals has a 52 week low of $2.50 and a 52 week high of $5.50.

Several hedge funds have recently modified their holdings of the business. Tocqueville Asset Management L.P. acquired a new position in shares of Maverix Metals in the second quarter valued at about $12,998,000. Bank of Montreal Can acquired a new position in shares of Maverix Metals in the second quarter valued at about $55,000. U S Global Investors Inc. acquired a new position in shares of Maverix Metals in the second quarter valued at about $3,350,000. Sprott Inc. acquired a new position in shares of Maverix Metals in the second quarter valued at about $949,000. Finally, Invesco Ltd. acquired a new position in shares of Maverix Metals in the second quarter valued at about $1,083,000. Institutional investors and hedge funds own 2.76% of the company’s stock.

Maverix Metals Company Profile

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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