Metals Royalty Co Inc. The (NASDAQ:TMCR) Sees Significant Decrease in Short Interest

Metals Royalty Co Inc. The (NASDAQ:TMCR) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 28,820 shares, a decline of 46.8% from the June 15th total of 54,127 shares. Based on an average trading volume of 89,689 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Metals Royalty Co Inc. The to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings started coverage on shares of Metals Royalty Co Inc. The in a research note on Thursday, July 2nd. They set a “sell (e-)” rating on the stock. Finally, Zacks Research upgraded shares of Metals Royalty Co Inc. The to a “hold” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Metals Royalty Co Inc. The Stock Down 2.8%

Shares of Metals Royalty Co Inc. The stock traded down $0.16 on Wednesday, reaching $5.62. 11,845 shares of the stock were exchanged, compared to its average volume of 97,470. Metals Royalty Co Inc. The has a twelve month low of $5.56 and a twelve month high of $21.38. The company has a 50 day simple moving average of $10.39.

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