Ventum Cap Mkts Forecasts NYSEMKT:MTA FY2028 Earnings
Investment analysts at Ventum Cap Mkts have forecasted Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) to post FY2028 earnings per share of $0.08, maintaining a "Strong-Buy" rating. The current consensus estimate for the company's full-year earnings is ($0.07) per share. Recent ratings include upgrades from Zacks Research and reaffirmations from National Bankshares. The stock is currently down 7.1%, trading at $6.27, with an average target price of $7.50. Hedge funds have increased their positions in the company, which focuses on precious metals royalties and streaming.
Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA - Free Report) - Investment analysts at Ventum Cap Mkts issued their FY2028 EPS estimates for Metalla Royalty & Streaming in a research note issued to investors on Monday, November 3rd. Ventum Cap Mkts analyst M. Myers expects that the company will post earnings per share of $0.08 for the year. Ventum Cap Mkts currently has a "Strong-Buy" rating on the stock. The consensus estimate for Metalla Royalty & Streaming's current full-year earnings is ($0.07) per share.
A number of other research analysts have also recently issued reports on the company. Zacks Research upgraded Metalla Royalty & Streaming from a "strong sell" rating to a "hold" rating in a research note on Monday, October 13th. National Bankshares reaffirmed an "outperform" rating on shares of Metalla Royalty & Streaming in a research report on Friday, August 15th. Finally, Scotiabank lifted their target price on shares of Metalla Royalty & Streaming from $5.00 to $7.50 and gave the stock a "sector perform" rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $7.50.
Get Our Latest Stock Analysis on MTA
Metalla Royalty & Streaming Stock Down 7.1%
MTA stock opened at $6.27 on Wednesday. The firm's 50-day simple moving average is $6.26 and its 200 day simple moving average is $4.56. The stock has a market capitalization of $580.36 million, a price-to-earnings ratio of -78.38 and a beta of 1.43.
Hedge Funds Weigh In On Metalla Royalty & Streaming
Hedge funds have recently bought and sold shares of the business. CWM LLC purchased a new position in Metalla Royalty & Streaming in the 3rd quarter worth about $25,000. PFG Investments LLC purchased a new position in shares of Metalla Royalty & Streaming during the third quarter valued at approximately $68,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Metalla Royalty & Streaming during the third quarter valued at approximately $73,000. Sequoia Financial Advisors LLC purchased a new position in shares of Metalla Royalty & Streaming during the third quarter valued at approximately $88,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Metalla Royalty & Streaming by 42.1% during the second quarter. JPMorgan Chase & Co. now owns 14,071 shares of the company's stock valued at $54,000 after purchasing an additional 4,171 shares during the last quarter. Hedge funds and other institutional investors own 17.82% of the company's stock.
Metalla Royalty & Streaming Company Profile
(Get Free Report)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.
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