Metalla Royalty & Streaming (CVE:MTA) Trading Down 0.3% - Time to Sell?

Key Points

• Metalla Royalty & Streaming Ltd. saw a slight decline of 0.3% in its stock price, closing at C$5.76 with a trading volume significantly down to 18,080 shares.
• Recent analysis updates from Canaccord Genuity and BMO Capital Markets have increased the target price to C$8.25 and upgraded the stock rating to "strong-buy."
• The company operates in various countries, focusing on precious metals royalties and streaming, with a market capitalization of C$372.71 million.

Metalla Royalty & Streaming Ltd. (CVE:MTA - Get Free Report) fell 0.3% during trading on Thursday . The company traded as low as C$5.75 and last traded at C$5.76. 18,080 shares changed hands during trading, a decline of 25% from the average session volume of 23,953 shares. The stock had previously closed at C$5.78.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MTA shares. Canaccord Genuity Group lifted their target price on Metalla Royalty & Streaming from C$7.75 to C$8.25 in a report on Wednesday, June 11th. 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. Finally, Ventum Cap Mkts raised Metalla Royalty & Streaming to a "strong-buy" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a hold rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Metalla Royalty & Streaming presently has an average rating of "Strong Buy" and a consensus price target of C$8.25.

Metalla Royalty & Streaming Stock Down 0.3%

The firm's 50 day simple moving average is C$5.28 and its 200 day simple moving average is C$4.56. The company has a market cap of C$372.71 million, a price-to-earnings ratio of -16.64 and a beta of 1.46. The company has a quick ratio of 0.81, a current ratio of 1.46 and a debt-to-equity ratio of 8.93.

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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