Scotiabank Forecasts Strong Price Appreciation for Metalla Royalty (NYSEAMERICAN:MTA) Stock

Metalla Royalty (NYSEAMERICAN:MTA) had its price target lifted by equities researchers at Scotiabank from $7.50 to $9.00 in a report released on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 5.26% from the stock’s previous close.

Metalla Royalty Trading Up 2.2%

MTA opened at $8.55 on Monday. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.05. Metalla Royalty has a 52-week low of $2.53 and a 52-week high of $8.96.

Metalla Royalty Company Profile

Metalla Royalty (NYSEAMERICAN:MTA) is a royalty and streaming company focused on precious metals. The company acquires, manages and monetizes royalty, streaming and other net-smelter-return style interests tied to mining projects, providing investors exposure to gold and silver production without directly operating mines. Metalla is a publicly traded entity and pursues growth through the acquisition of income-producing and developmental-stage mineral interests.

Metalla’s primary activities include originating and negotiating royalty and streaming transactions, performing due diligence on prospective assets, and overseeing a diversified portfolio of production-linked interests.