Canaccord Genuity Group Issues Positive Forecast for Metalla Royalty & Streaming (CVE:MTA) Stock Price

Key Points

• Canaccord Genuity Group raised the target price for Metalla Royalty & Streaming stock from C$8.25 to C$10.00, indicating a potential upside of 9.89%.
• Additionally, BMO Capital Markets upgraded Metalla's rating from "hold" to a "strong-buy" as of June 25th, complementing three other analysts who also rated it as a Strong Buy.
• Despite a slight decline of 0.5% on Thursday, Metalla Royalty & Streaming has seen significant growth with a fifty-two week high of C$9.25 and a market capitalization of C$842.13 million.

Metalla Royalty & Streaming (CVE:MTA - Get Free Report) had its target price lifted by investment analysts at Canaccord Genuity Group from C$8.25 to C$10.00 in a report released on Thursday,BayStreet.CA reports. Canaccord Genuity Group's price target would suggest a potential upside of 9.89% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets raised shares of Metalla Royalty & Streaming from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th. National Bankshares raised their price objective on shares of Metalla Royalty & Streaming from C$7.25 to C$7.50 in a report on Friday, August 15th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Strong Buy" and a consensus price target of C$8.75.

Metalla Royalty & Streaming Stock Down 0.5%

Shares of CVE MTA traded down C$0.05 during trading on Thursday, hitting C$9.10. 58,956 shares of the company traded hands, compared to its average volume of 27,221. The business's fifty day moving average is C$6.91 and its 200 day moving average is C$5.38. Metalla Royalty & Streaming has a fifty-two week low of C$3.54 and a fifty-two week high of C$9.25. The firm has a market capitalization of C$842.13 million, a price-to-earnings ratio of -182.00 and a beta of 2.03. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.81 and a current ratio of 1.46.

Metalla Royalty & Streaming Company Profile

Metalla Royalty & Streaming Ltd., a precious metals royalty and streaming company, engages in the acquisition and management of gold, silver, copper royalties, streams, and related production-based interests in Canada. It operates in Australia, Argentina, Mexico, Canada, Tanzania, Ecuador, Peru, Chile, Brazil, Venezuela, and the United States.

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