Metals Royalty Co Inc. The (NASDAQ:TMCR) Short Interest Update

Metals Royalty Co Inc. The (NASDAQ:TMCR) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 80,720 shares, an increase of 180.1% from the June 30th total of 28,820 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 75,822 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TMCR shares. Zacks Research raised Metals Royalty Co Inc. The to a “hold” rating in a research report on Thursday, June 4th. Weiss Ratings began coverage on Metals Royalty Co Inc. The in a research report on Thursday, July 2nd. They issued a “sell (e-)” rating for the company. Finally, Wall Street Zen raised shares of Metals Royalty Co Inc. The to a “hold” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Metals Royalty Co Inc. The currently has an average rating of “Reduce”.

Metals Royalty Co Inc. The Trading Down 3.8%

TMCR stock opened at $6.15 on Wednesday. The company has a market capitalization of $381.58 million and a price-to-earnings ratio of -30.75. The firm has a 50 day simple moving average of $8.73. Metals Royalty Co Inc. The has a 12-month low of $5.14 and a 12-month high of $21.38.

Metals Royalty Co Inc. The (NASDAQ:TMCR) last issued its quarterly earnings results on Monday, April 27th. The company reported ($0.13) EPS for the quarter.

About Metals Royalty Co Inc. The

Metals Royalty Co Inc (NASDAQ: TMCR) is a publicly traded metals-focused royalty and streaming company. The company acquires, manages and monetizes royalty, stream and other net-smelter-return interests on mining projects, providing investors with exposure to commodity production without direct operational responsibility for mines. Its portfolio approach targets a range of metals, with an emphasis on precious metals such as gold and silver as well as select base metals.

Metals Royalty generates revenue through recurring payments tied to the production and sale of metals from properties on which it holds contractual royalty or streaming rights.