Short Interest in Metals Royalty Co Inc. The (NASDAQ:TMCR) Decreases By 46.8%

Metals Royalty Co Inc. The (NASDAQ:TMCR) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 28,820 shares, a drop 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 currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

TMCR has been the topic of a number of research reports. Zacks Research upgraded Metals Royalty Co Inc. The to a “hold” rating in a research note on Thursday, June 4th. Wall Street Zen raised Metals Royalty Co Inc. The to a “hold” rating in a report on Saturday, April 11th. Finally, Weiss Ratings assumed coverage on shares of Metals Royalty Co Inc. The in a research note on Thursday, July 2nd. They set a “sell (e-)” rating on the stock. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Metals Royalty Co Inc. The Stock Up 2.6%

TMCR opened at $5.44 on Friday. Metals Royalty Co Inc. The has a 52-week low of $5.18 and a 52-week high of $21.38. The stock’s 50 day simple moving average is $10.01.

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

Metals Royalty Co Inc. The Company Profile

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.