Metals Royalty Co Inc. The (NASDAQ:TMCR) Short Interest Update

Metals Royalty Co Inc. The (NASDAQ:TMCR) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 80,720 shares, an increase of 180.1% from the June 30th total of 28,820 shares. Based on an average trading volume of 75,822 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Zacks Research upgraded shares of Metals Royalty Co Inc. The to a “hold” rating in a research report on Thursday, June 4th. Wall Street Zen upgraded shares of Metals Royalty Co Inc. The to a “hold” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings started coverage on Metals Royalty Co Inc. The in a research report on Thursday, July 2nd. They set a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Metals Royalty Co Inc. The Stock Performance

Shares of Metals Royalty Co Inc. The stock traded up $0.52 during midday trading on Monday, hitting $6.38. 58,689 shares of the company traded hands, compared to its average volume of 92,011. The business has a fifty day simple moving average of $9.00. The stock has a market capitalization of $396.16 million and a PE ratio of -31.62. Metals Royalty Co Inc. The has a 12 month low of $5.14 and a 12 month high of $21.38.

Metals Royalty Co Inc. The (NASDAQ:TMCR) last issued its earnings results on Monday, April 27th. The company reported ($0.13) earnings per share for the quarter.

About Metals Royalty Co Inc. The

Metals Royalty Co Inc (NASDAQ: TMCR) is a publicly traded metals-focused royalty and streaming company. The company acquires, manages and monetizes royalty, stream and other net-smelter-return interests on mining projects, providing investors with exposure to commodity production without direct operational responsibility for mines. Its portfolio approach targets a range of metals, with an emphasis on precious metals such as gold and silver as well as select base metals.

Metals Royalty generates revenue through recurring payments tied to the production and sale of metals from properties on which it holds contractual royalty or streaming rights.