Canaccord Genuity Group Upgrades Metalla Royalty & Streaming (CVE:MTA) to Strong-Buy

Canaccord Genuity Group upgraded shares of Metalla Royalty & Streaming (CVE:MTA) to a strong-buy rating in a research report report published on Tuesday, Zacks.com reports.

Metalla Royalty & Streaming Trading Up 1.8 %

CVE MTA opened at C$4.47 on Tuesday. Metalla Royalty & Streaming has a 52 week low of C$3.13 and a 52 week high of C$4.90. The business has a 50 day moving average price of C$4.03 and a 200-day moving average price of C$4.11. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.03. The company has a market cap of C$410.12 million, a price-to-earnings ratio of -29.80 and a beta of 1.46.

Metalla Royalty & Streaming (CVE:MTA) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$1.20 million during the quarter, compared to the consensus estimate of C$2.19 million. Metalla Royalty & Streaming had a negative net margin of 150.82% and a negative return on equity of 3.75%. As a group, equities analysts expect that Metalla Royalty & Streaming will post 0.0351466 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Alexander Molyneux bought 20,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were purchased at an average cost of C$4.35 per share, for a total transaction of C$87,000.00. Insiders own 13.73% of the company’s stock.

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.