Metalla Royalty & Streaming (CVE:MTA) Stock Rating Upgraded by National Bank Financial

National Bank Financial upgraded shares of Metalla Royalty & Streaming (CVE:MTA) to a strong-buy rating in a report issued on Monday morning, Zacks.com reports. National Bank Financial also issued estimates for Metalla Royalty & Streaming’s FY2024 earnings at ($0.06) EPS, FY2025 earnings at $0.01 EPS, FY2026 earnings at $0.07 EPS and FY2027 earnings at $0.10 EPS.

Separately, Canaccord Genuity Group upgraded Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Tuesday, October 1st.

Metalla Royalty & Streaming Stock Performance

MTA opened at C$5.23 on Monday. The company’s 50 day moving average is C$4.33 and its 200 day moving average is C$4.17. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.03. The company has a market cap of C$479.85 million, a price-to-earnings ratio of -34.87 and a beta of 1.46. Metalla Royalty & Streaming has a 12-month low of C$3.13 and a 12-month high of C$5.62.

Metalla Royalty & Streaming (CVE:MTA) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C($0.03) earnings per share for the quarter. Metalla Royalty & Streaming had a negative return on equity of 3.75% and a negative net margin of 150.82%. The business had revenue of C$1.20 million for the quarter, compared to analysts’ expectations of C$2.19 million. On average, equities research analysts predict that Metalla Royalty & Streaming will post 0.0351466 EPS for the current year.

Insider Buying and Selling

In other news, Director Alexander Molyneux bought 20,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average price of C$4.35 per share, for a total transaction of C$87,000.00. In the last ninety days, insiders bought 32,400 shares of company stock valued at $146,133. 13.74% of the stock is owned by corporate insiders.

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.