Metalla Royalty & Streaming (CVE:MTA) Hits New 1-Year High - Here's What Happened

Key Points

• Metalla Royalty & Streaming Ltd. (CVE:MTA) reached a new 52-week high price of C$8.05 during Thursday's trading session, reflecting a significant increase from the previous close of C$7.63.
• A number of research firms have issued new ratings and target prices for MTA, with Canaccord Genuity raising their target from C$7.75 to C$8.25 and BMO Capital Markets upgrading the stock to a "strong-buy."
• Currently, Metalla Royalty & Streaming has an average rating of "Strong Buy" among analysts, indicating positive sentiment in the market.

Metalla Royalty & Streaming Ltd. (CVE:MTA - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$8.05 and last traded at C$8.05, with a volume of 29428 shares trading hands. The stock had previously closed at C$7.63.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MTA. National Bankshares boosted their target price on Metalla Royalty & Streaming from C$7.25 to C$7.50 in a report on Friday, August 15th. BMO Capital Markets raised Metalla Royalty & Streaming from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. Ventum Cap Mkts raised Metalla Royalty & Streaming to a "strong-buy" rating in a report on Wednesday, May 14th. Finally, Canaccord Genuity Group boosted their target price on Metalla Royalty & Streaming from C$7.75 to C$8.25 in a report on Wednesday, June 11th. Four investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Metalla Royalty & Streaming currently has an average rating of "Strong Buy" and an average target price of C$7.88.

Metalla Royalty & Streaming Price Performance

The stock has a fifty day moving average of C$6.12 and a two-hundred day moving average of C$4.95. The stock has a market cap of C$744.96 million, a price-to-earnings ratio of -161.00 and a beta of 2.03. The company has a quick ratio of 0.81, a current ratio of 1.46 and a debt-to-equity ratio of 8.93.

About Metalla Royalty & Streaming

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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