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

Key Points

• Metalla Royalty & Streaming Ltd. has reached a new 52-week high of C$8.30, with significant trading volume, indicating strong investor interest.
• Several analysts have upgraded the stock, with BMO Capital Markets issuing a "strong-buy" rating and Canaccord Genuity raising its price target to C$8.25.
• Metalla operates in the precious metals sector, focusing on gold, silver, and copper royalties across multiple countries including Canada and Australia.

Metalla Royalty & Streaming Ltd. (CVE:MTA - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$8.30 and last traded at C$8.30, with a volume of 12959 shares. The stock had previously closed at C$8.07.

Analysts Set New Price Targets

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

Metalla Royalty & Streaming Stock Up 0.7%

The firm has a market capitalization of C$752.37 million, a PE ratio of -162.60 and a beta of 2.03. The stock has a 50-day simple moving average of C$6.50 and a 200-day simple moving average of C$5.18. The company has a quick ratio of 0.81, a current ratio of 1.46 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.