Metalla Royalty & Streaming: A Better Year On Deck [Seeking Alpha]
Metalla Royalty & Streaming Ltd. Common Shares (MTA)
Company Research
Source: Seeking Alpha
However, Q3 was a transformative quarter with the acquisition of Nova Royalty, adding a copper royalty portfolio and pushing its number of royalty/streaming assets above 100 while increasing NAV. In this update, we'll dig into the stock's updated valuation, the recent acquisition of Nova Royalty and whether the stock is worthy of investment at current levels. Just over six months ago, I wrote on Metalla Royalty & Streaming NYSE: MTA ), noting that there was zero reason to chase the stock at US$5.70 per share. This is because the stock was fully valued at over 1.0x P/NAV, timelines were looking like they'd be pushed on key projects, and we had just seen additional insider selling in April. Since then, the stock has suffered a 50% plus drawdown and been the worst performer in the royalty/streaming space and trades at a fraction of the value of when I noted that the stock looked to be topping out in 2021 at $13.50 per share. In this update, we'll dig into the stock's updated valuati
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MTA
News
- METALLA REPORTS FINANCIAL RESULTS FOR THE 2023 FISCAL YEAR AND PROVIDES ASSET UPDATES [Yahoo! Finance]Yahoo! Finance
- METALLA REPORTS FINANCIAL RESULTS FOR THE 2023 FISCAL YEAR AND PROVIDES ASSET UPDATESPR Newswire
- METALLA PROVIDES UPDATE ON GOSSELIN & CÔTÉ ROYALTY AND 2024 CATALYSTS [Yahoo! Finance]Yahoo! Finance
- METALLA PROVIDES UPDATE ON GOSSELIN & CÔTÉ ROYALTY AND 2024 CATALYSTSPR Newswire
MTA
Sec Filings
- 4/12/24 - Form 6-K
- 3/28/24 - Form 40-F
- 3/28/24 - Form 6-K
- MTA's page on the SEC website