EarningsThe analyst upgrades the rating on shares of Metalla to Outperform, with an increased target price, indicating confidence in the company's future performance.
ProductionThe restart of production at the Endeavor mine, deliveries from Amalgamated Kirkland, and stronger performance at Tocantinzinho are expected to underpin an improved second half of 2025 for Metalla.
ValuationMetalla shares are trading at a discount to NAV, suggesting potential for a re-rating as new assets come online and cash flow improves.