Metalla Royalty & Streaming (CVE:MTA) Upgraded by National Bank Financial to Strong-Buy

National Bank Financial upgraded shares of Metalla Royalty & Streaming (CVE:MTA) to a strong-buy rating in a report issued on Monday, Zacks.com reports.

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

Metalla Royalty & Streaming Stock Performance

CVE MTA opened at C$5.44 on Monday. Metalla Royalty & Streaming has a one year low of C$3.13 and a one year high of C$5.62. The company’s 50 day moving average price is C$4.30 and its 200 day moving average price is C$4.16. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of C$499.12 million, a price-to-earnings ratio of -36.27 and a beta of 1.46.

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

Insider Activity

In other news, Director Alexander Molyneux acquired 20,000 shares of the company’s stock in a transaction dated 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. Insiders have bought 29,400 shares of company stock worth $130,863 over the last 90 days. Company insiders own 13.74% of the company’s stock.

About Metalla Royalty & Streaming

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.