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Metalla Royalty & Streaming
(NYSE MKT:MTA)
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Rating:60Neutral
Price Target:
C$13.00
▲(21.95% Upside)
Action:Reiterated
Date:06/03/26
The score is driven primarily by improving financial performance (revenue growth, very strong gross margins, and a return to positive operating/free cash flow) and supportive technical momentum (price above major moving averages with a positive MACD). These positives are tempered by ongoing net losses/negative ROE and a negative P/E with no dividend yield data, which weakens the valuation profile.
Positive Factors
High gross margins and improving cash flow
Very strong gross margins (~84%) reflect the asset-light royalty/stream model that avoids mining operating costs, while rising revenue (+9.7% TTM) and positive OCF/FCF improve internal funding capacity. Durable margins and nascent positive cash generation support reinvestment and portfolio growth without immediate reliance on external financing.
Negative Factors
Persistent net losses and negative return on equity
Despite margin and cash-flow improvements, the company remains loss-making with a TTM net margin around -26% and ROE near -1.3%. Persistent accounting losses can erode equity, limit retained-capital buildup, and pressure the need for external capital or dilution to fund growth, undermining long-term profitability despite operational cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins and improving cash flow
Very strong gross margins (~84%) reflect the asset-light royalty/stream model that avoids mining operating costs, while rising revenue (+9.7% TTM) and positive OCF/FCF improve internal funding capacity. Durable margins and nascent positive cash generation support reinvestment and portfolio growth without immediate reliance on external financing.
Read all positive factors
Metalla Royalty & Streaming (MTA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.27B
Dividend YieldN/A
Average Volume (3M)15.69K
Price to Earnings (P/E)―
Beta (1Y)2.22
Revenue Growth89.40%
EPS Growth90.03%
CountryCA
Employees8
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding93,442,764
10 Day Avg. Volume12,163
30 Day Avg. Volume15,690
Financial Highlights & Ratios
PEG Ratio5.25
Price to Book (P/B)3.89
Price to Sales (P/S)81.79
P/FCF Ratio-844.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$12.92Price Target Upside21.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.07
Revenue Forecast (FY)C$27.80M
Metalla Royalty & Streaming Business Overview & Revenue Model
Company Description
Metalla Royalty & Streaming Ltd., a precious metals royalty and streaming company, engages in the acquisition and management of gold, silver, copper royalties, streams, and related production-based interests in Canada. The company operates in Aust...
How the Company Makes Money
Metalla makes money primarily through royalties and metal streams on mining assets operated by other companies. Under a royalty agreement, Metalla is entitled to receive a percentage of revenue or a portion of production (depending on the specific...
Metalla Royalty & Streaming Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.99M | 11.94M | 5.88M | 4.59M | 2.41M | 2.97M |
| Gross Profit | 14.73M | 9.67M | 3.21M | 2.21M | 605.84K | 622.22K |
| EBITDA | 5.19M | 2.21M | -938.00K | -917.00K | -5.03M | -6.64M |
| Net Income | -271.17K | -4.32M | -7.50M | -5.84M | -10.93M | -10.43M |
Balance Sheet | ||||||
| Total Assets | 272.15M | 270.37M | 386.27M | 276.03M | 130.89M | 112.62M |
| Cash, Cash Equivalents and Short-Term Investments | 10.66M | 9.78M | 13.97M | 14.11M | 4.56M | 2.34M |
| Total Debt | 14.64M | 14.60M | 12.69M | 26.61M | 10.59M | 10.51M |
| Total Liabilities | 17.06M | 19.08M | 23.94M | 23.14M | 12.33M | 12.07M |
| Stockholders Equity | 255.09M | 251.29M | 362.34M | 252.89M | 118.56M | 100.55M |
Cash Flow | ||||||
| Free Cash Flow | 2.52M | -1.16M | -4.77M | -8.26M | -1.50M | -36.21M |
| Operating Cash Flow | 5.17M | 4.41M | -2.57M | 518.00K | -35.04K | 298.97K |
| Investing Cash Flow | -3.92M | -2.12M | -3.01M | -3.58M | -1.31M | -36.02M |
| Financing Cash Flow | -411.62K | -2.24M | 478.00K | 12.83M | 3.79M | 32.49M |
Metalla Royalty & Streaming Technical Analysis
Positive
10.66
Price Trends
10.65
Positive
10.11
Positive
10.35
Positive
Market Momentum
0.71
Negative
76.84
Negative
91.82
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MTA, the sentiment is Positive. The current price of 10.66 is below the 20-day moving average (MA) of 11.36, above the 50-day MA of 10.65, and above the 200-day MA of 10.35, indicating a bullish trend. The MACD of 0.71 indicates Negative momentum. The RSI at 76.84 is Negative, neither overbought nor oversold. The STOCH value of 91.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MTA.
Metalla Royalty & Streaming Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$9.00B | 15.74 | 19.46% | 0.78% | 49.16% | 130.45% | |
76 Outperform | C$129.82M | 9.13 | 33.26% | ― | 120.16% | 150.72% | |
69 Neutral | C$502.05M | 7.11 | 38.96% | 1.24% | 206.10% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | C$1.27B | -234.27 | -1.40% | ― | 89.40% | 90.03% |
* Basic Materials Sector Average
TSE:MTA
Metalla Royalty & Streaming
13.62
7.67
129.10%
TSE:VOXR
Vox Royalty
7.22
2.72
60.59%
TSE:EMPR
Empress Royalty
0.96
0.07
7.87%
TSE:TFPM
Triple Flag Precious Metals
43.67
8.19
23.09%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.