National Bankshares Forecasts Strong Price Appreciation for Metalla Royalty & Streaming (CVE:MTA) Stock

Key Points

• Metalla Royalty & Streaming has had its target price raised by National Bankshares from C$7.25 to C$7.50, indicating a potential upside of 27.55% from its current stock price.
• Multiple brokerages have upgraded the stock, with Canaccord Genuity increasing their target price to C$8.25, signaling strong investor confidence in the company's performance.
• The consensus rating for Metalla is "Strong Buy" with a target price of C$7.88, reflecting positive market sentiment about its future prospects.

Metalla Royalty & Streaming (CVE:MTA - Get Free Report) had its price objective boosted by National Bankshares from C$7.25 to C$7.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. National Bankshares' price objective points to a potential upside of 32.28% from the stock's previous close.

Several other research analysts also recently weighed in on the stock. Canaccord Genuity Group upped their price target on shares of Metalla Royalty & Streaming from C$7.75 to C$8.25 in a research report on Wednesday, June 11th. BMO Capital Markets upgraded shares of Metalla Royalty & Streaming from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. Finally, Ventum Cap Mkts upgraded shares of Metalla Royalty & Streaming to a "strong-buy" rating in a report on Wednesday, May 14th. Four analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Metalla Royalty & Streaming currently has an average rating of "Strong Buy" and a consensus target price of C$7.88.

Metalla Royalty & Streaming Price Performance

Shares of MTA traded down C$0.28 during mid-day trading on Friday, hitting C$5.67. 1,437 shares of the company were exchanged, compared to its average volume of 23,901. Metalla Royalty & Streaming has a 1-year low of C$3.54 and a 1-year high of C$6.05. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.81 and a current ratio of 1.46. The company has a 50 day moving average of C$5.46 and a 200-day moving average of C$4.67. The stock has a market cap of C$366.89 million, a price-to-earnings ratio of -16.38 and a beta of 1.46.

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.