Metalla Royalty and Streaming Ltd. (MTA, Financial) announced a significant increase in its first-quarter revenue, reaching $1.72 billion compared to $1.255 billion previously. According to CEO Brett Heath, the quarter reflected considerable advancements within MTA's royalty portfolio. Endeavor is poised to commence first ore processing in the second quarter. Additionally, Aranzazu has extended its mine life to a decade, while La Guitarra has initiated operations at the higher-grade Coloso mine. Both Wasamac and Gurupi reported updated mineral reserves and resources exceeding 2 million ounces. Moreover, comprehensive drilling programs have commenced at various key sites, including Gosselin, Fosterville, Wharf, Joaquin, San Luis, and Edwards.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Metalla Royalty & Streaming Ltd (MTA, Financial) is $5.75 with a high estimate of $7.00 and a low estimate of $4.50. The average target implies an upside of 102.46% from the current price of $2.84. More detailed estimate data can be found on the Metalla Royalty & Streaming Ltd (MTA) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Metalla Royalty & Streaming Ltd's (MTA, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Metalla Royalty & Streaming Ltd (MTA, Financial) in one year is $3.87, suggesting a upside of 36.27% from the current price of $2.84. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Metalla Royalty & Streaming Ltd (MTA) Summary page.
