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 note published on Wednesday,Zacks.com reports.

Several other research firms have also weighed in on MTA. Canaccord Genuity Group lifted their target price on Metalla Royalty & Streaming from C$7.75 to C$8.25 in a report on Wednesday, June 11th. Ventum Cap Mkts upgraded Metalla Royalty & Streaming to a "strong-buy" rating in a report on Wednesday, May 14th. One investment 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 stock presently has a consensus rating of "Strong Buy" and an average target price of C$8.25.

Metalla Royalty & Streaming Trading Down 2.2%

Shares of CVE:MTA traded down C$0.12 during mid-day trading on Wednesday, reaching C$5.22. The stock had a trading volume of 18,991 shares, compared to its average volume of 23,505. The firm has a 50 day simple moving average of C$4.46 and a two-hundred day simple moving average of C$4.21. Metalla Royalty & Streaming has a twelve month low of C$3.39 and a twelve month high of C$5.62. The firm has a market cap of C$337.77 million, a PE ratio of -15.08 and a beta of 1.46. The company has a current ratio of 1.46, a quick ratio of 0.81 and a debt-to-equity ratio of 8.93.

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.