Scotiabank Issues Optimistic Forecast for CVE:MTA Earnings

Metalla Royalty & Streaming Ltd. (CVE:MTA) – Equities researchers at Scotiabank lifted their FY2027 earnings per share estimates for shares of Metalla Royalty & Streaming in a report issued on Tuesday, August 4th. Scotiabank analyst O. Habib now expects that the company will earn $0.23 per share for the year, up from their prior estimate of $0.21. The consensus estimate for Metalla Royalty & Streaming’s current full-year earnings is $0.04 per share.

Metalla Royalty & Streaming Stock Up 6.7%

MTA stock opened at C$11.80 on Thursday. The company has a quick ratio of 0.81, a current ratio of 3.45 and a debt-to-equity ratio of 5.69. The firm has a market capitalization of C$1.10 billion, a PE ratio of -302.56 and a beta of 2.88. Metalla Royalty & Streaming has a twelve month low of C$5.64 and a twelve month high of C$12.54. The stock has a 50-day simple moving average of C$10.39 and a two-hundred day simple moving average of C$10.27.

Insider Activity

In other news, Director Brett Heath acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of C$8.72 per share, for a total transaction of C$43,600.00. Following the completion of the transaction, the director owned 3,394,845 shares of the company’s stock, valued at C$29,603,048.40. The trade was a 0.15% increase in their ownership of the stock. Insiders own 13.74% of the company’s stock.

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.