Metalla Royalty & Streaming (CVE:MTA) Hits New 1-Year High - Here's Why

Key Points

• Metalla Royalty & Streaming Ltd. reached a new 52-week high of C$7.74 during trading, closing at C$7.67 with a trading volume of 14,630 shares.
• Analyst reports have been positive, with Canaccord Genuity raising the price target to C$8.25 and BMO Capital Markets upgrading the stock to a strong-buy rating.
• The company has a market cap of C$723.68 million and strong analyst sentiment, holding a consensus rating of Strong Buy with an average price target of C$7.88.

Metalla Royalty & Streaming Ltd. (CVE:MTA - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as C$7.74 and last traded at C$7.67, with a volume of 14630 shares changing hands. The stock had previously closed at C$7.50.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MTA shares. BMO Capital Markets raised shares of Metalla Royalty & Streaming from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th. National Bankshares increased their target price on shares of Metalla Royalty & Streaming from C$7.25 to C$7.50 in a research report on Friday, August 15th. Canaccord Genuity Group increased their target price on shares of Metalla Royalty & Streaming from C$7.75 to C$8.25 in a research report on Wednesday, June 11th. Finally, Ventum Cap Mkts raised shares of Metalla Royalty & Streaming to a "strong-buy" rating in a research report on Wednesday, May 14th. Four equities research 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, the company presently has an average rating of "Strong Buy" and a consensus price target of C$7.88.

Metalla Royalty & Streaming Price Performance

The stock has a market capitalization of C$719.98 million, a P/E ratio of -155.60 and a beta of 2.03. The business has a fifty day simple moving average of C$5.97 and a 200-day simple moving average of C$4.88. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.81 and a current ratio of 1.46.

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.