During the recent session, Metalla Royalty & Streaming Ltd. (AMEX:MTA)’s traded shares were 0.7 million, with the beta value of the company hitting 1.51. At the last check today, the stock’s price was $3.47, reflecting an intraday loss of -11.25% or -$0.44. The 52-week high for the MTA share is $5.86, that puts it down -68.88 from that peak though still a striking 2.02% gain since the share price plummeted to a 52-week low of $3.40. The company’s market capitalization is $250.78M, and the average intraday trading volume over the past 10 days was 0.11 million shares, and the average trade volume was 133.55K shares over the past three months.

Metalla Royalty & Streaming Ltd. (MTA) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 3.00. MTA has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.01.

Metalla Royalty & Streaming Ltd. (AMEX:MTA) trade information

Metalla Royalty & Streaming Ltd. (MTA) registered a -11.25% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -11.25% in intraday trading to $3.47 this Thursday, 09/07/23, hitting a weekly high. The stock’s 5-day price performance is -17.97%, and it has moved by -19.86% in 30 days. Based on these gigs, the overall price performance for the year is -15.35%. The short interest in Metalla Royalty & Streaming Ltd. (AMEX:MTA) is 0.38 million shares and it means that shorts have 3.57 day(s) to cover.

The consensus price target of analysts on Wall Street is $7.57, which implies an increase of 54.16% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7.20 and $7.91 respectively. As a result, MTA is trading at a discount of -127.95% off the target high and -107.49% off the low.

Metalla Royalty & Streaming Ltd. (MTA) estimates and forecasts

Statistics show that Metalla Royalty & Streaming Ltd. has outperformed its competitors in share price, compared to the industry in which it operates. Metalla Royalty & Streaming Ltd. (MTA) shares have gone down -21.46% during the last six months, with a year-to-date growth rate more than the industry average at 58.33% against 7.10. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 66.70% this quarter and then jump 66.70% in the quarter after that. In the rating firms’ projections, revenue will increase 92.20% compared to the previous financial year.

Revenue for the current quarter is expected to be $1.14 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $1.19 million by the end of Dec 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1 million and $629k respectively. In this case, analysts expect current quarter sales to grow by 14.00% and then jump by 89.20% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -11.20%. While earnings are projected to return 0.40% in 2023.

MTA Dividends

Metalla Royalty & Streaming Ltd. is due to release its next quarterly earnings between November 08 and November 13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Metalla Royalty & Streaming Ltd. (AMEX:MTA)’s Major holders

Metalla Royalty & Streaming Ltd. insiders own 8.49% of total outstanding shares while institutional holders control 13.88%, with the float percentage being 15.16%. Euro Pacific Asset Management, LLC is the largest shareholder of the company, while 49 institutions own stock in it. As of Jun 29, 2023, the company held over 2.81 million shares (or 5.32% of all shares), a total value of $12.2 million in shares.

The next largest institutional holding, with 2.67 million shares, is of Van Eck Associates Corporation’s that is approximately 5.05% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $11.57 million.

Also, the Mutual Funds coming in first place with the largest holdings of Metalla Royalty & Streaming Ltd. (MTA) shares are VanEck ETF Trust-VanEck Junior Gold Miners ETF and Investment Managers Ser Tr-EuroPac Gold Fd. Data provided on Jul 30, 2023 indicates that VanEck ETF Trust-VanEck Junior Gold Miners ETF owns about 2.43 million shares. This amounts to just over 4.61 percent of the company’s overall shares, with a $11.27 million market value. The same data shows that the other fund manager holds slightly less at 1.96 million, or about 3.71% of the stock, which is worth about $9.76 million.

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