Metalla Royalty & Streaming (CVE:MTA) Reaches New 1-Year High - Time to Buy?

Key Points

• Metalla Royalty & Streaming Ltd. shares reached a new 52-week high of C$9.70, indicating strong investor interest with a trading volume of 28,519 shares.
• Wall Street analysts have shown confidence in MTA, with BMO Capital Markets upgrading the stock to a "strong-buy" rating and Canaccord Genuity raising the price target to C$10.00.
• The company specializes in precious metals royalty and streaming, operating in multiple countries including Canada, Australia, and Argentina, and has a market capitalization of C$883.78 million.

Metalla Royalty & Streaming Ltd. (CVE:MTA - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$9.70 and last traded at C$9.70, with a volume of 28519 shares traded. The stock had previously closed at C$9.26.

Wall Street Analysts Forecast Growth

MTA has been the topic of a number of recent research reports. BMO Capital Markets upgraded Metalla Royalty & Streaming from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. Canaccord Genuity Group lifted their price target on Metalla Royalty & Streaming from C$8.25 to C$10.00 in a research note on Thursday. Finally, National Bankshares upped their price objective on shares of Metalla Royalty & Streaming from C$7.25 to C$7.50 in a research note on Friday, August 15th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Strong Buy" and an average target price of C$8.75.

Metalla Royalty & Streaming Price Performance

The stock has a market capitalization of C$883.78 million, a PE ratio of -191.00 and a beta of 2.24. The company has a quick ratio of 0.81, a current ratio of 1.46 and a debt-to-equity ratio of 8.93. The stock's 50-day moving average is C$7.05 and its 200 day moving average is C$5.46.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.