Metalla Royalty & Streaming (MTA) Receives a Hold from BMO Capital

In a report released today, Rene Cartier from BMO Capital maintained a Hold rating on Metalla Royalty & Streaming (MTA – Research Report), with a price target of $15.00. The company's shares closed last Thursday at $10.15. According to TipRanks.com, Cartier is a 5-star analyst with an average return of 53.9% and a 62.5% success rate. Cartier covers the Basic Materials sector, focusing on stocks such as Capstone Mining, Sandstorm Gold, and Taseko Mines. Currently, the analyst consensus on Metalla Royalty & Streaming is a Moderate Buy with an average price target of $13.20. See today’s analyst top recommended stocks >> The company has a one-year high of $13.50 and a one-year low of $5.06. Currently, Metalla Royalty & Streaming has an average volume of 250.8K. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Metalla Royalty & Streaming Ltd. engages in the acquisition and management of precious metal royalties, streams, and similar production-based interests. It focuses on producing endeavor and NLGM silver stream; development of Joaquin, Santa Gertrudis, Garrison, Hoyle Pond Extension, West Timmins Extension, and Zaruma royalties; and exploration of Akasaba West and DeSantis Mine royalties. The company was founded on May 11, 1983 and is headquartered in Vancouver, Canada. The post Metalla Royalty & Streaming (MTA) Receives a Hold from BMO Capital appeared first on TipRanks Financial Blog.

In a report released today, Rene Cartier from BMO Capital maintained a Hold rating on Metalla Royalty & Streaming (MTA – Research Report), with a price target of $15.00. The company's shares closed last Thursday at $10.15.

According to TipRanks.com, Cartier is a 5-star analyst with an average return of 53.9% and a 62.5% success rate. Cartier covers the Basic Materials sector, focusing on stocks such as Capstone Mining, Sandstorm Gold, and Taseko Mines.

Currently, the analyst consensus on Metalla Royalty & Streaming is a Moderate Buy with an average price target of $13.20.

The company has a one-year high of $13.50 and a one-year low of $5.06. Currently, Metalla Royalty & Streaming has an average volume of 250.8K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Metalla Royalty & Streaming Ltd. engages in the acquisition and management of precious metal royalties, streams, and similar production-based interests. It focuses on producing endeavor and NLGM silver stream; development of Joaquin, Santa Gertrudis, Garrison, Hoyle Pond Extension, West Timmins Extension, and Zaruma royalties; and exploration of Akasaba West and DeSantis Mine royalties. The company was founded on May 11, 1983 and is headquartered in Vancouver, Canada.

The post Metalla Royalty & Streaming (MTA) Receives a Hold from BMO Capital appeared first on TipRanks Financial Blog.

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Jabil Q3 Results Beat Analysts' Expectations; Shares Up 2%

Jabil (JBL) delivered better-than-expected quarterly earnings and revenue in the fiscal third quarter of 2021. Jabil is a provider of manufacturing services on a worldwide basis. Following the results, the Read More... The post Jabil Q3 Results Beat Analysts' Expectations; Shares Up 2% appeared first on TipRanks Financial Blog.

Jabil Q3 Results Beat Analysts' Expectations; Shares Up 2%

Jabil () delivered better-than-expected quarterly earnings and revenue in the fiscal third quarter of 2021. Jabil is a provider of manufacturing services on a worldwide basis.

Following the results, the share price was up 2.3% to close at $57.83 on June 17.

Revenues of $7.2 billion surpassed the Street’s estimates of $6.95 billion and jumped 13.9% from the year-ago period.

Earnings came in at $1.30 per share, which outpaced consensus estimates of $1.04 per share. Also, earnings were up 251.4% year-over-year.

Jabil CEO Mark Mondello said, "I’m confident in our plan. As a result, we are raising our financial outlook for the balance of the year. We now expect FY21 revenue to be in the neighborhood of $29.5 billion, with core EPS of approximately $5.50." (See Jabil stock chart on TipRanks)

For fiscal Q4, the company expects revenues to come in the range of $7.3 - $7.9 billion. The consensus estimate is pegged at $6.95 billion. Earnings per share are expected to come in the band of $1.25 - $1.45, versus the consensus estimate of $1.17 per share.

Following the fiscal Q3 earnings release, Raymond James analyst Adam Tindle reiterated a Buy rating on the stock but increased the price target to $66 from $58. This implies 14.1% upside potential to current levels.

Tindle commented, “Operating margin expansion continues, cash flow trends remain healthy despite a difficult supply environment, and we anticipate continued improvement in these key metrics during FY22.”

The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating based on 3 Buys and 1 Hold. The Jabil average analyst price target of $68.50 implies 18.5% upside potential from current levels. Shares have increased 36.3% over the past six months.

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The post Jabil Q3 Results Beat Analysts' Expectations; Shares Up 2% appeared first on TipRanks Financial Blog.

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