Metalla Royalty & Streaming (CVE:MTA) Reaches New 12-Month High – Still a Buy?

Shares of Metalla Royalty & Streaming Ltd. (CVE:MTAGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$11.22 and last traded at C$11.13, with a volume of 8365 shares trading hands. The stock had previously closed at C$10.93.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MTA shares. Canaccord Genuity Group lifted their price objective on shares of Metalla Royalty & Streaming from C$8.25 to C$10.00 in a report on Thursday, October 2nd. Ventum Cap Mkts raised shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$8.75.

Check Out Our Latest Stock Report on Metalla Royalty & Streaming

Metalla Royalty & Streaming Stock Performance

The company’s 50-day moving average is C$9.83 and its two-hundred day moving average is C$7.55. The company has a quick ratio of 0.81, a current ratio of 1.46 and a debt-to-equity ratio of 8.93. The company has a market cap of C$987.63 million, a P/E ratio of -355.67 and a beta of 2.10.

About Metalla Royalty & Streaming

(Get Free Report)

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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