Metalla Royalty & Streaming (CVE:MTA) Reaches New 12-Month High - Should You Buy?

Key Points

• Metalla Royalty & Streaming Ltd. (CVE:MTA) reached a new 52-week high of C$8.82 during trading, closing at C$8.62 with a trading volume of 19,170 shares.
• Recent analyst upgrades include BMO Capital Markets raising the stock to a "strong-buy" rating and a consensus target price of C$7.88, indicating strong market confidence in the company.
• Metalla operates as a precious metals royalty and streaming company, managing interests in multiple countries including Canada, Australia, and Argentina, with a current market cap of C$812.52 million.

Metalla Royalty & Streaming Ltd. (CVE:MTA - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$8.82 and last traded at C$8.62, with a volume of 19170 shares. The stock had previously closed at C$8.52.

Analyst Ratings Changes

MTA has been the topic of a number of recent research reports. Canaccord Genuity Group raised their price target on shares of Metalla Royalty & Streaming from C$7.75 to C$8.25 in a research report on Wednesday, June 11th. National Bankshares lifted their price objective on shares of Metalla Royalty & Streaming from C$7.25 to C$7.50 in a research report on Friday, August 15th. Finally, BMO Capital Markets upgraded shares of Metalla Royalty & Streaming from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Strong Buy" and a consensus target price of C$7.88.

Metalla Royalty & Streaming Stock Performance

The stock has a market cap of C$812.52 million, a price-to-earnings ratio of -175.60 and a beta of 2.03. 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's 50 day simple moving average is C$6.72 and its 200 day simple moving average is C$5.30.

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.

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