Metals Royalty Co Inc. The (NASDAQ:TMCR) Sees Significant Increase in Short Interest

Key Points

• Short interest surged 787.3% to 164,914 shares as of September 30, up from 18,587 shares two weeks earlier. Short interest represents 0.2% of outstanding shares, with a days-to-cover ratio of 1.2.
• Analyst sentiment is mixed, but MarketBeat reports a consensus “Moderate Buy” rating and a $10.00 target price. Ratings range from “Strong Buy” and “Buy” to “Hold” and “Sell.”
• TMCR opened at $2.97, near its 12-month low of $2.82 and well below its 12-month high of $21.38. The company reported a quarterly loss of $0.12 per share, while analysts expect a full-year loss of $0.36 per share.

Metals Royalty Co Inc. The (NASDAQ:TMCR - Get Free Report) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 164,914 shares, a growth of 787.3% from the September 15th total of 18,587 shares. Based on an average trading volume of 137,796 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.2% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several brokerages have issued reports on TMCR. Weiss Ratings reaffirmed a "sell (e-)" rating on shares of Metals Royalty Co Inc. The in a report on Tuesday, September 29th. Wall Street Zen cut shares of Metals Royalty Co Inc. The from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. William Blair started coverage on Metals Royalty Co Inc. The in a research report on Monday, September 14th. They set an "outperform" rating for the company. Finally, Stifel Nicolaus set a $10.00 target price on Metals Royalty Co Inc. The and gave the company a "buy" rating in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.00.

Metals Royalty Co Inc. The Trading Up 1.4%

Shares of TMCR stock opened at $2.97 on Friday. The company has a 50-day moving average price of $5.26. Metals Royalty Co Inc. The has a twelve month low of $2.82 and a twelve month high of $21.38. The firm has a market cap of $200.21 million and a P/E ratio of -9.28. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.35.

Metals Royalty Co Inc. The (NASDAQ:TMCR - Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($0.12) earnings per share (EPS) for the quarter. As a group, research analysts predict that Metals Royalty Co Inc. The will post -0.36 earnings per share for the current year.

About Metals Royalty Co Inc. The

We are engaged in the acquisition and management of critical metals and mineral royalties, streams and other similar interests. We are focused on providing capital to support mineral security and independence in North America in support of accelerating domestic industry growth, including energy, defense and re-industrialization. We aim to focus on capital development opportunities encompassing all aspects of the critical metals and minerals value chain. Our royalty-based business model is designed to enable us to participate in the long-term potential cash flows and commodity upside of large-scale, strategically significant critical metals and mineral assets, with reduced exposure to operational, development or environmental risks typically associated with resource production operations.

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