Metalla Royalty & Streaming (CVE:MTA) Reaches New 12-Month High - What's Next?

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 share price hit a new 52-week high during 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 changing hands. The stock had previously closed at C$7.63.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. National Bankshares boosted their price target on Metalla Royalty & Streaming from C$7.25 to C$7.50 in a report on Friday, August 15th. BMO Capital Markets upgraded Metalla Royalty & Streaming from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. Finally, Canaccord Genuity Group upped their target price on Metalla Royalty & Streaming from C$7.75 to C$8.25 in a report on Wednesday, June 11th. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Strong Buy" and a consensus price target of C$7.88.

Metalla Royalty & Streaming Trading Down 2.3%

The business has a 50-day simple moving average of C$6.31 and a two-hundred day simple moving average of C$5.06. The stock has a market cap of C$694.99 million, a price-to-earnings ratio of -150.20 and a beta of 2.03. The company has a debt-to-equity ratio of 8.93, a current ratio of 1.46 and a quick ratio of 0.81.

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.