Metals Royalty Co Inc. The (NASDAQ:TMCR) Stock Short Interest Jumps 787.3%

Metals Royalty Co Inc. The (NASDAQ:TMCR) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 164,914 shares, an increase of 787.3% from the September 15th total of 18,587 shares. Based on an average daily trading volume, of 137,796 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the shares of the company are short sold.

Metals Royalty Co Inc. The Trading Up 1.4%

Shares of NASDAQ TMCR traded up $0.04 during trading on Friday, reaching $2.97. 102,589 shares of the company traded hands, compared to its average volume of 129,381. The firm has a market cap of $200.21 million and a PE ratio of -9.28. The company has a fifty day moving average price of $5.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.67 and a current ratio of 1.67. Metals Royalty Co Inc. The has a 12-month low of $2.82 and a 12-month high of $21.38.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. William Blair began coverage on shares of Metals Royalty Co Inc. The in a research note on Monday, September 14th. They set an “outperform” rating for the company. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Metals Royalty Co Inc. The in a report on Tuesday, September 29th. Stifel Nicolaus set a $10.00 price objective on shares of Metals Royalty Co Inc. The and gave the stock a “buy” rating in a research note on Thursday, August 27th. Finally, Wall Street Zen lowered shares of Metals Royalty Co Inc. The from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

About Metals Royalty Co Inc. The

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.