Metalla Royalty & Streaming: Strategic Acquisitions and Financial Stability Drive Positive Outlook
Rene Cartier, an analyst from BMO Capital, reiterated a Buy rating on Metalla Royalty & Streaming with a price target of C$12.00. The positive outlook is driven by the company's consistent performance, strategic acquisitions, and financial stability. Metalla's recent acquisition of interests in the Côté gold mine and Gosselin project enhances its portfolio. The company reported earnings per share that met expectations and showed positive net income for the first time. Metalla is expected to meet its 2025 guidance, with anticipated cash flow improvements and potential re-rating making it an attractive investment.
Rene Cartier, an analyst from BMO Capital, reiterated the Buy rating on Metalla Royalty & Streaming. The associated price target is C$12.00.
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Rene Cartier’s rating is based on Metalla Royalty & Streaming’s consistent performance and strategic acquisitions. The company reported earnings per share that aligned with expectations, marking a positive net income for the first time, which indicates financial stability and growth potential. Additionally, Metalla’s recent acquisition of a 0.15% interest in a NSR royalty on the Côté gold mine and the Gosselin project is seen as accretive to the company’s net asset value, enhancing its portfolio.
Furthermore, Metalla’s portfolio shows positive momentum with better-than-expected results from certain assets, despite some offsets. The company is also poised to meet its 2025 guidance, suggesting a stable outlook. With cash flow improvements anticipated as new assets become operational, Metalla is well-positioned for deleveraging and potential re-rating, making it an attractive investment opportunity.
Cartier covers the Basic Materials sector, focusing on stocks such as Marimaca Copper, Taseko Mines, and Capstone Copper. According to TipRanks, Cartier has an average return of 29.0% and a 64.59% success rate on recommended stocks.
