Metalla Royalty & Streaming (CVE:MTA) Given New C$7.50 Price Target at National Bankshares

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 target price raised by analysts at National Bankshares from C$7.25 to C$7.50 in a research note issued to investors on Friday,BayStreet.CA reports. National Bankshares' target price points to a potential upside of 28.87% from the stock's current price.

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

Metalla Royalty & Streaming Price Performance

Shares of CVE:MTA traded up C$0.15 during midday trading on Friday, hitting C$5.82. The company's stock had a trading volume of 10,962 shares, compared to its average volume of 23,961. The business's 50 day simple moving average is C$5.48 and its 200 day simple moving average is C$4.68. 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 market cap of C$376.59 million, a P/E ratio of -16.81 and a beta of 1.46. Metalla Royalty & Streaming has a 12-month low of C$3.54 and a 12-month high of C$6.05.

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.