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Metalla Royalty & Streaming ( (TSE:MTA) ) has shared an announcement.
Metalla Royalty & Streaming Ltd. has announced a new revolving credit facility agreement with Bank of Montreal and National Bank Financial, allowing the company to borrow up to $40 million, with an option to increase to $75 million. This facility, which replaces a previous loan with Beedie Investments, aims to lower Metalla’s cost of capital and enhance financial flexibility, supporting its strategy to pursue larger transactions and scale its business.
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. is a company that provides shareholders with leveraged exposure to gold, silver, and copper by acquiring royalties and streams. The company’s goal is to increase share value through a diversified portfolio of royalties and streams, leveraging its strong asset base and experienced team to become a leading royalty company.
Average Trading Volume: 26,820
Technical Sentiment Signal: Buy
Current Market Cap: C$462.6M
For detailed information about MTA stock, go to TipRanks’ Stock Analysis page.