Short Interest in Metals Royalty Co Inc. The (NASDAQ:TMCR) Drops By 44.9%

Key Points

• Short interest fell 44.9% to 61,150 shares as of August 31, representing just 0.1% of TMCR’s outstanding stock and 0.5 days of average trading volume.
• Analyst views are mixed, ranging from “sell” to “strong buy,” but the consensus rating is “Moderate Buy” with a $10.00 price target.
• TMCR shares dropped 4.7% to $5.00, near the company’s 12-month low of $4.90. The company reported a quarterly loss of $0.12 per share, and analysts expect a full-year loss of $0.43 per share.

Metals Royalty Co Inc. The (NASDAQ:TMCR - Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 61,150 shares, a decline of 44.9% from the August 15th total of 111,074 shares. Currently, 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 116,426 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TMCR. Wall Street Zen cut Metals Royalty Co Inc. The from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Weiss Ratings initiated coverage on Metals Royalty Co Inc. The in a report on Thursday, July 2nd. They issued a "sell (e-)" rating on the stock. William Blair assumed coverage on shares of Metals Royalty Co Inc. The in a research report on Monday. They set an "outperform" rating for the company. Zacks Research upgraded shares of Metals Royalty Co Inc. The to a "hold" rating in a research note on Thursday, June 4th. Finally, Stifel Nicolaus set a $10.00 target price on Metals Royalty Co Inc. The and gave the stock a "buy" rating in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.00.

Metals Royalty Co Inc. The Stock Down 4.7%

Shares of NASDAQ:TMCR traded down $0.24 during trading on Tuesday, hitting $5.00. The stock had a trading volume of 56,179 shares, compared to its average volume of 87,447. 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 has a 12-month low of $4.90 and a 12-month high of $21.38. The business's 50-day moving average price is $5.98. The firm has a market capitalization of $310.51 million and a PE ratio of -15.64.

Metals Royalty Co Inc. The (NASDAQ:TMCR - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.12) EPS for the quarter. As a group, sell-side analysts forecast that Metals Royalty Co Inc. The will post -0.43 earnings per share for the current year.

Metals Royalty Co Inc. The Company Profile

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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