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Metalla Royalty & Streaming ( (TSE:MTA) ) has shared an update.
Metalla Royalty & Streaming Ltd. announced significant updates in its royalty portfolio, highlighting Franco-Nevada’s acquisition of a $1.05 billion gross margin royalty on the Côté & Gosselin deposits, which underscores the value of Metalla’s 1.35% NSR royalty in the region. This transaction is expected to enhance market recognition of Metalla’s interests. Additionally, Metalla’s 4.0% NSR royalty on the Endeavor Mine in Australia is set to generate cash flow starting in June, while drilling at the Joaquin project in Argentina has confirmed substantial mineralization extensions, supporting future resource growth.
The most recent analyst rating on (TSE:MTA) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on Metalla Royalty & Streaming stock, see the TSE:MTA Stock Forecast page.
More about Metalla Royalty & Streaming
Metalla Royalty & Streaming Ltd. operates in the mining industry, focusing on acquiring and managing royalty and streaming interests in gold and silver projects. The company is primarily engaged in securing net smelter return royalties and other interests across various mining projects globally, aiming to provide shareholders with exposure to precious metals without the operational risks associated with mining.
Average Trading Volume: 23,068
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$384M
Find detailed analytics on MTA stock on TipRanks’ Stock Analysis page.