Metals Royalty Co Inc. The (NASDAQ:TMCR) Sees Large Decrease in Short Interest

Metals Royalty Co Inc. The (NASDAQ:TMCR – Get Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 61,150 shares, a decline of 44.9% from the August 15th total of 111,074 shares. Based on an average daily trading volume, of 116,426 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Metals Royalty Co Inc. The Stock Performance

NASDAQ TMCR traded down $0.04 on Wednesday, reaching $4.85. The stock had a trading volume of 79,222 shares, compared to its average volume of 76,013. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.67. Metals Royalty Co Inc. The has a 1 year low of $4.65 and a 1 year high of $21.38. The firm has a 50 day simple moving average of $5.94.

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Metals Royalty Co Inc. The (NASDAQ:TMCR – Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.12) earnings per share (EPS) for the quarter. Analysts anticipate that Metals Royalty Co Inc. The will post -0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TMCR shares. William Blair started coverage on Metals Royalty Co Inc. The in a research note on Monday. They issued an “outperform” rating for the company. Stifel Nicolaus set a $10.00 target price on Metals Royalty Co Inc. The and gave the company a “buy” rating in a research note on Thursday, August 27th. Weiss Ratings started coverage on Metals Royalty Co Inc. The in a report on Thursday, July 2nd. They issued a “sell (e-)” rating on the stock. Zacks Research raised shares of Metals Royalty Co Inc. The to a “hold” rating in a research report on Thursday, June 4th. Finally, Wall Street Zen lowered shares of Metals Royalty Co Inc. The from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Metals Royalty Co Inc. The has an average rating of “Moderate Buy” and an average price target of $10.00.

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About Metals Royalty Co Inc. The

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We are engaged in the acquisition and management of critical metals and mineral royalties, streams and other similar interests. We are focused on providing capital to support mineral security and independence in North America in support of accelerating domestic industry growth, including energy, defense and re-industrialization. We aim to focus on capital development opportunities encompassing all aspects of the critical metals and minerals value chain. Our royalty-based business model is designed to enable us to participate in the long-term potential cash flows and commodity upside of large-scale, strategically significant critical metals and mineral assets, with reduced exposure to operational, development or environmental risks typically associated with resource production operations.

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