Metals Royalty Co Inc. The (NASDAQ:TMCR) Sees Significant Drop in Short Interest

Metals Royalty Co Inc. The (NASDAQ:TMCR) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 28,820 shares, a decline of 46.8% from the June 15th total of 54,127 shares. Based on an average daily trading volume, of 89,689 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Weiss Ratings began coverage on shares of Metals Royalty Co Inc. The in a research report on Thursday, July 2nd. They issued a “sell (e-)” rating for the company. Wall Street Zen upgraded shares of Metals Royalty Co Inc. The to a “hold” rating in a report on Saturday, April 11th. Finally, Zacks Research upgraded Metals Royalty Co Inc. The to a “hold” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Metals Royalty Co Inc. The Stock Performance

Shares of NASDAQ:TMCR traded down $0.21 on Thursday, reaching $5.48. The company’s stock had a trading volume of 12,890 shares, compared to its average volume of 96,894. Metals Royalty Co Inc. The has a 52-week low of $5.40 and a 52-week high of $21.38. The business has a 50-day moving average price of $10.20.

Metals Royalty Co Inc. The (NASDAQ:TMCR) last announced its quarterly earnings data 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.