BMO Capital upgraded Metalla Royalty & Streaming to Outperform from Market Perform with a price target of C$8, up from C$7. Metalla shares are trading at a meaningful discount to net asset value, the analyst tells investors in a research note. The firm says that despite a slower portfolio start to 2025, it sees a turning point in the second half of the year as new assets come online and cash flow improves “which should underpin a re-rating.”
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