Metalla Royalty & Streaming (CVE:MTA) Raised to Strong-Buy at Canaccord Genuity Group

Metalla Royalty & Streaming (CVE:MTA) was upgraded by research analysts at Canaccord Genuity Group to a “strong-buy” rating in a research report issued on Tuesday, Zacks.com reports.

Metalla Royalty & Streaming Trading Down 0.5 %

Shares of MTA opened at C$4.42 on Tuesday. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.81 and a current ratio of 0.81. Metalla Royalty & Streaming has a one year low of C$3.13 and a one year high of C$4.90. The stock has a 50-day moving average price of C$4.01 and a 200 day moving average price of C$4.10. The company has a market capitalization of C$405.54 million, a P/E ratio of -29.47 and a beta of 1.46.

Metalla Royalty & Streaming (CVE:MTA) last released its earnings results on Wednesday, August 14th. The company reported C($0.03) EPS for the quarter. The business had revenue of C$1.20 million for the quarter, compared to analysts’ expectations of C$2.19 million. Metalla Royalty & Streaming had a negative net margin of 150.82% and a negative return on equity of 3.75%. Sell-side analysts forecast that Metalla Royalty & Streaming will post 0.0351466 EPS for the current fiscal year.

Insider Transactions at Metalla Royalty & Streaming

In other news, Director Alexander Molyneux purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of C$4.35 per share, for a total transaction of C$87,000.00. Insiders own 13.73% 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.