Metalla Royalty & Streaming (CVE:MTA) Stock Rating Upgraded by National Bank Financial

Metalla Royalty & Streaming (CVE:MTA) was upgraded by investment analysts at National Bank Financial to a “strong-buy” rating in a note issued to investors 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

Metalla Royalty & Streaming stock opened at C$5.44 on Monday. The firm has a market capitalization of C$499.12 million, a P/E ratio of -36.27 and a beta of 1.46. The stock has a fifty day moving average price of C$4.30 and a two-hundred day moving average price of C$4.16. Metalla Royalty & Streaming has a 52-week low of C$3.13 and a 52-week high of C$5.62. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.81 and a quick ratio of 0.81.

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

Insider Activity

In related news, Director Alexander Molyneux purchased 20,000 shares of Metalla Royalty & Streaming stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average price of C$4.35 per share, for a total transaction of C$87,000.00. Over the last ninety days, insiders acquired 29,400 shares of company stock worth $130,863. 13.74% of the stock is owned by corporate insiders.

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.