Metalla Royalty (NYSEAMERICAN:MTA – Get Free Report) had its price target upped by analysts at Scotiabank from $7.50 to $9.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 7.91% from the stock’s previous close.
Metalla Royalty Stock Performance
Shares of NYSEAMERICAN:MTA traded down $0.03 during midday trading on Monday, hitting $8.34. The company had a trading volume of 1,114,949 shares, compared to its average volume of 619,577. Metalla Royalty has a 12 month low of $2.53 and a 12 month high of $8.96.
Metalla Royalty Company Profile
Metalla Royalty (NYSEAMERICAN:MTA) is a royalty and streaming company focused on precious metals. The company acquires, manages and monetizes royalty, streaming and other net-smelter-return style interests tied to mining projects, providing investors exposure to gold and silver production without directly operating mines. Metalla is a publicly traded entity and pursues growth through the acquisition of income-producing and developmental-stage mineral interests.
Metalla’s primary activities include originating and negotiating royalty and streaming transactions, performing due diligence on prospective assets, and overseeing a diversified portfolio of production-linked interests.
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