- Maverix Metals was one of the worst-performing royalty/streaming names in 2020, underperforming its benchmark by nearly 2000 basis points.
- However, this poor performance has little to do with the stock's fundamentals, with Maverix just coming off a record quarter and set to more GEO sales growth next year.
- Meanwhile, the stock's technical picture remains quite bullish, with Maverix trying to confirm a multi-year base breakout above US$5.50.
- Given Maverix's improving fundamentals and solid organic growth profile with nearly 120 assets, I would view any pullbacks below US$5.45 as low-risk buying opportunities.
For further details see:
Maverix Metals: A Massive Breakout