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Haywood Securities initiates coverage on Metalla Royalty & Streaming with 'Buy' rating

Analyst Kerry Smith described the growing royalty firm as "an active player that will continue to grow in a niche market"

Metalla Royalty and Streaming Ltd -
The price target on Metalla is C$2, compared to a current price for the shares of C$1.28

Haywood Securities has started coverage of Metalla Royalty & Streaming Ltd (CVE:MTA) (OTCMKTS:MTAFF) with a 'Buy' rating and C$2 price target against a current target price of C$1.28, according to market sources.

In a note to clients, Haywood analyst Kerry Smith described the growing royalty firm as "an active player that will continue to grow in a niche market".

The analyst added: "Metalla is one of the newest players in the royalty space but the company has wasted no time in growing its asset portfolio. While attributable production is expected to decline over the next two years, once the Endeavor Deep Zinc Lode and/or Endeavor Tailings come on-line, as well as several silver/gold development assets, the company will have a growth trajectory to generate more free-cash-flow."

Metalla’s business strategy is to acquire third-party royalties on assets which are operated by major mining groups.

In only three years, it has acquired 45 royalties/streams over 15 transactions and deployed C$70 million of capital on assets that span the world. Two are production assets -namely, mines - while15 are development assets and 28 are exploration assets

Quick facts: Metalla Royalty and Streaming Ltd

Price: 7.92 CAD

TSX-V:MTA
Market: TSX-V
Market Cap: $267.78 m
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Metalla Royalty and Streaming CEO's talks about transformative e 2019 for...

Metalla Royalty and Streaming (CVE: MTA) President and CEO Brett Heath joined Steve Darling from Proactive at the Vancouver Resource Investment Conference to discuss the royalty and streaming company based in Vancouver. Heath talks about the recent success for the company including their recent...

on 01/19/2020

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