Metalla Royalty & Streaming (CVE:MTA) Hits New 1-Year High – Still a Buy?

Metalla Royalty & Streaming Ltd. (CVE:MTA)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$11.75 and last traded at C$11.75, with a volume of 11797 shares traded. The stock had previously closed at C$11.18.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MTA. 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 upgraded shares of Metalla Royalty & Streaming to a “strong-buy” rating in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$8.75.

Metalla Royalty & Streaming Stock Down 1.3%

The firm has a 50-day moving average price of C$9.99 and a two-hundred day moving average price of C$7.77. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.81 and a current ratio of 1.46. The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of -368.33 and a beta of 2.10.

Metalla Royalty & Streaming Company Profile

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. The company was formerly known as Excalibur Resources Ltd. and changed its name to Metalla Royalty & Streaming Ltd. in December 2016. The company was incorporated in 1983 and is headquartered in Vancouver, Canada.