During the last session, Metalla Royalty & Streaming Ltd. (AMEX:MTA)’s traded shares were 0.32 million, with the beta value of the company hitting 1.16. At the end of the trading day, the stock’s price was $5.75, reflecting an intraday gain of 8.49% or $0.45. The 52-week high for the MTA share is $10.98, that puts it down -90.96 from that peak though still a striking 18.26% gain since the share price plummeted to a 52-week low of $4.70. The company’s market capitalization is $336.43M, and the average intraday trading volume over the past 10 days was 0.31 million shares, and the average trade volume was 261.33K 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 2.50. MTA has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 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.
Metalla Royalty & Streaming Ltd. (AMEX:MTA) trade information
Metalla Royalty & Streaming Ltd. (MTA) registered a 8.49% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 8.49% in intraday trading to $5.75 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is 5.50%, and it has moved by -18.56% in 30 days. Based on these gigs, the overall price performance for the year is -40.72%. The short interest in Metalla Royalty & Streaming Ltd. (AMEX:MTA) is 0.54 million shares and it means that shorts have 2.81 day(s) to cover.
The consensus price target of analysts on Wall Street is $10.63, which implies an increase of 45.91% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10.00 and $11.29 respectively. As a result, MTA is trading at a discount of -96.35% off the target high and -73.91% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 5.70%. While earnings are projected to return -95.00% in 2022.
Metalla Royalty & Streaming Ltd. is due to release its next quarterly earnings on November 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Metalla Royalty & Streaming Ltd. is 0.03, with the dividend yield indicating at 0.52 percent, continuing the trend of increasing dividends in recent years.
Metalla Royalty & Streaming Ltd. (AMEX:MTA)’s Major holders
Metalla Royalty & Streaming Ltd. insiders own 8.98% of total outstanding shares while institutional holders control 16.58%, with the float percentage being 18.22%. Van Eck Associates Corporation is the largest shareholder of the company, while 44 institutions own stock in it. As of Sep 29, 2021, the company held over 2.61 million shares (or 5.93% of all shares), a total value of $17.75 million in shares.
The next largest institutional holding, with 0.89 million shares, is of U.S. Global Investors, Inc.’s that is approximately 2.02% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $6.06 million.
Also, the Mutual Funds coming in first place with the largest holdings of Metalla Royalty & Streaming Ltd. (MTA) shares are VanEck Vectors ETF Tr-Junior Gold Miners ETF and Investment Managers Ser Tr-EuroPac Gold Fd. Data provided on Sep 29, 2021 indicates that VanEck Vectors ETF Tr-Junior Gold Miners ETF owns about 2.36 million shares. This amounts to just over 5.37 percent of the company’s overall shares, with a $16.07 million market value. The same data shows that the other fund manager holds slightly less at 1.87 million, or about 4.24% of the stock, which is worth about $14.19 million.