National Bankshares Forecasts Strong Price Appreciation for Metalla Royalty & Streaming (CVE:MTA) Stock

Metalla Royalty & Streaming (CVE:MTA) had its price target raised by equities researchers at National Bankshares from C$7.25 to C$7.50 in a research report issued on Friday,BayStreet.CA reports. National Bankshares’ target price indicates a potential upside of 27.33% from the stock’s current price.

MTA has been the topic of a number of other research reports. Canaccord Genuity Group upped their target price on Metalla Royalty & Streaming from C$7.75 to C$8.25 in a research note on Wednesday, June 11th. Ventum Cap Mkts upgraded Metalla Royalty & Streaming to a “strong-buy” rating in a research note on Wednesday, May 14th. Finally, BMO Capital Markets upgraded Metalla Royalty & Streaming from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 25th. One research analyst has rated the stock with a hold rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy” and a consensus target price of C$7.88.

Metalla Royalty & Streaming Stock Down 1.3%

Shares of MTA stock opened at C$5.89 on Friday. Metalla Royalty & Streaming has a fifty-two week low of C$3.54 and a fifty-two week high of C$6.05. 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 firm has a market capitalization of C$381.12 million, a PE ratio of -17.01 and a beta of 1.46. The stock’s 50-day simple moving average is C$5.43 and its 200-day simple moving average is C$4.65.

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.