Short Interest in Metals Royalty Co Inc. The (NASDAQ:TMCR) Decreases By 40.8%

Metals Royalty Co Inc. The (NASDAQ:TMCR) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 54,127 shares, a drop of 40.8% from the May 31st total of 91,461 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 70,370 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TMCR shares. Wall Street Zen upgraded shares of Metals Royalty Co Inc. The to a “hold” rating in a research report on Saturday, April 11th. Zacks Research upgraded Metals Royalty Co Inc. The to a “hold” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Metals Royalty Co Inc. The Stock Performance

Shares of NASDAQ:TMCR opened at $6.58 on Friday. The company’s 50 day simple moving average is $11.72. Metals Royalty Co Inc. The has a 1 year low of $6.39 and a 1 year high of $21.38.

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

Metals Royalty Co Inc. The Company Profile

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.