Metalla Royalty & Streaming (CVE:MTA) Reaches New 52-Week High – Time to Buy?

Metalla Royalty & Streaming Ltd. (CVE:MTA) reached a new 52-week high during trading on Thursday . The company traded as high as C$11.93 and last traded at C$11.90, with a volume of 14126 shares traded. The stock had previously closed at C$11.26.

Analyst Ratings Changes

MTA has been the topic of several recent research reports. Ventum Cap Mkts upgraded shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Monday, November 3rd. Canaccord Genuity Group lifted their target price on Metalla Royalty & Streaming from C$8.25 to C$10.00 in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus target price of C$8.75.

Metalla Royalty & Streaming Stock Performance

The firm has a 50 day moving average price of C$10.62 and a 200-day moving average price of C$8.64. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.81 and a current ratio of 1.46. The company has a market cap of C$1.07 billion, a P/E ratio of -384.33 and a beta of 2.10.

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.