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

Metals Royalty Co Inc. The (NASDAQ:TMCR) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 61,150 shares, a decrease of 44.9% from the August 15th total of 111,074 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 116,426 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

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

Metals Royalty Co Inc. The Stock Down 4.7%

TMCR stock traded down $0.24 during mid-day trading on Tuesday, reaching $5.00. 56,179 shares of the company traded hands, compared to its average volume of 87,447. Metals Royalty Co Inc. The has a fifty-two week low of $4.90 and a fifty-two week high of $21.38. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.35. The company has a 50 day simple moving average of $5.98. The firm has a market cap of $310.51 million and a PE ratio of -15.64.

Metals Royalty Co Inc. The (NASDAQ:TMCR) last announced its earnings results on Monday, August 10th. The company reported ($0.12) earnings per share for the quarter. On average, analysts anticipate that Metals Royalty Co Inc. The will post -0.43 EPS for the current fiscal year.

About Metals Royalty Co Inc. The

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.