Short Interest in Metals Royalty Co Inc. The (NASDAQ:TMCR) Decreases By 44.9%

Metals Royalty Co Inc. The (NASDAQ:TMCR) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 61,150 shares, a decline of 44.9% from the August 15th total of 111,074 shares. Based on an average trading volume of 116,426 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Wall Street Analyst Weigh In

TMCR has been the topic of a number of research reports. Zacks Research upgraded shares of Metals Royalty Co Inc. The to a “hold” rating in a research note on Thursday, June 4th. Wall Street Zen lowered shares of Metals Royalty Co Inc. The from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Stifel Nicolaus set a $10.00 price target on Metals Royalty Co Inc. The and gave the stock a “buy” rating in a research report on Thursday, August 27th. William Blair started coverage on Metals Royalty Co Inc. The in a research report on Monday. They set an “outperform” rating on the stock. Finally, Weiss Ratings started coverage on Metals Royalty Co Inc. The in a report on Thursday, July 2nd. They issued a “sell (e-)” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

Metals Royalty Co Inc. The Trading Up 1.8%

Shares of Metals Royalty Co Inc. The stock traded up $0.09 during trading hours on Thursday, reaching $4.93. The stock had a trading volume of 8,501 shares, compared to its average volume of 86,872. The company’s 50 day simple moving average is $5.94. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.35. Metals Royalty Co Inc. The has a twelve month low of $4.65 and a twelve month high of $21.38. The stock has a market cap of $306.17 million and a price-to-earnings ratio of -15.42.

Metals Royalty Co Inc. The (NASDAQ:TMCR) last posted its earnings results on Monday, August 10th. The company reported ($0.12) EPS for the quarter. As a group, sell-side analysts predict that Metals Royalty Co Inc. The will post -0.36 earnings per share for the current year.

Metals Royalty Co Inc. The Company Profile

We are engaged in the acquisition and management of critical metals and mineral royalties, streams and other similar interests. We are focused on providing capital to support mineral security and independence in North America in support of accelerating domestic industry growth, including energy, defense and re-industrialization. We aim to focus on capital development opportunities encompassing all aspects of the critical metals and minerals value chain. Our royalty-based business model is designed to enable us to participate in the long-term potential cash flows and commodity upside of large-scale, strategically significant critical metals and mineral assets, with reduced exposure to operational, development or environmental risks typically associated with resource production operations.