Metalla Royalty & Streaming (CVE:MTA) Trading 4.1% Higher - Here's Why

Key Points

• Metalla Royalty & Streaming Ltd. shares increased by 4.1% on Monday, reaching a last trading price of C$10.12 after hitting a high of C$10.25 during the day.
• Equities research analysts have shown optimism for Metalla, with National Bankshares raising their target price from C$7.25 to C$7.50 and Canaccord Genuity increasing their target to C$10.00.
• The company's market cap stands at C$936.53 million, alongside a significant debt-to-equity ratio of 8.93, indicating financial leverage in its operations.

Metalla Royalty & Streaming Ltd. (CVE:MTA - Get Free Report) shares traded up 4.1% on Monday . The company traded as high as C$10.25 and last traded at C$10.12. 84,919 shares were traded during mid-day trading, an increase of 177% from the average session volume of 30,710 shares. The stock had previously closed at C$9.72.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. National Bankshares upped their target price on shares of Metalla Royalty & Streaming from C$7.25 to C$7.50 in a report on Friday, August 15th. BMO Capital Markets upgraded shares of Metalla Royalty & Streaming from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. Finally, Canaccord Genuity Group upped their target price on shares of Metalla Royalty & Streaming from C$8.25 to C$10.00 in a report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Metalla Royalty & Streaming currently has an average rating of "Buy" and an average price target of C$8.75.

Metalla Royalty & Streaming Stock Performance

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 stock has a market cap of C$936.53 million, a PE ratio of -202.40 and a beta of 2.24. The company's 50 day simple moving average is C$7.96 and its 200 day simple moving average is C$5.90.

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.

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