BMO Capital Markets Upgrades Metalla Royalty & Streaming (CVE:MTA) to Strong-Buy

BMO Capital Markets upgraded shares of Metalla Royalty & Streaming (CVE:MTA - Free Report) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

Several other brokerages have also recently commented on MTA. Canaccord Genuity Group boosted their price objective on shares of Metalla Royalty & Streaming from C$7.75 to C$8.25 in a research note on Wednesday, June 11th. Ventum Cap Mkts upgraded shares of Metalla Royalty & Streaming to a "strong-buy" rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Strong Buy" and a consensus target price of C$8.25.

Metalla Royalty & Streaming Stock Performance

MTA stock traded down C$0.14 during midday trading on Wednesday, reaching C$5.20. 15,491 shares of the company's stock traded hands, compared to its average volume of 23,476. The firm has a market capitalization of C$336.48 million, a PE ratio of -15.02 and a beta of 1.46. The company has a 50-day moving average price of C$4.45 and a two-hundred day moving average price of C$4.20. Metalla Royalty & Streaming has a 52 week low of C$3.39 and a 52 week high of C$5.62. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.81 and a current ratio 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.