In a report released today, Rene Cartier from BMO Capital upgraded Metalla Royalty & Streaming (MTA – Research Report) to a Buy, with a price target of C$8.00.
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Rene Cartier’s rating is based on the anticipation of improved cash flow and production growth for Metalla Royalty & Streaming. Despite a challenging start to 2025, Cartier expects a significant turnaround in the latter half of the year as new assets begin production and enhance cash flow, which should lead to a re-rating of the stock. The company’s shares are currently trading at a notable discount to their net asset value, presenting a potential opportunity for investors.
Furthermore, Cartier highlights the positive impact of rising gold and silver prices, which have benefited equities in 2025. Metalla’s strategic moves, such as the restart of production at the Endeavor mine and the integration of new projects, are expected to bolster its financial position. This improved outlook, along with the potential for traditional lending and acquisitions, supports Cartier’s Buy rating, as these factors are likely to drive the company’s growth and shareholder value in the medium term.
In another report released on June 10, Canaccord Genuity also maintained a Buy rating on the stock with a C$8.25 price target.