Fundamental comparison – Q2 2025
Metalla Royalty & Streaming (MTA) posted a ~30 % YoY increase in revenue to $ 65 M, driven by a 22 % uplift in streaming‑related royalties and a 15 % rise in cash‑flow from its flagship Colorado‑Gold‑Stream (CGS) asset. Net earnings rose to $ 7.6 M (vs. $ 5.5 M a year ago) and the company generated $ 12 M of free cash flow, enough to fund the announced $ 5 M expansion at the CGS mine and still leave a $ 45 M cash balance.
In the royalty‑and‑streaming peer group (Franco‑Nevada, Wheaton, Royal Gold, Sandstorm, and SSR Mining’s streaming arm), the average Q2 revenue growth is roughly 15‑18 %, and free‑cash‑flow growth is 8‑12 %. Most peers reported flat‑to‑modest earnings growth (4‑9 %) and are still navigating higher metal prices with tighter margins. Metalla’s 30 % revenue growth and 2‑3× higher free‑cash‑flow increase places it well ahead of the sector average, confirming its relative out‑performance on both top‑line growth and cash generation.
Technical & trading implications
Technicals: MTA is trading ~2 % above its 50‑day SMA and holds a bullish RSI around 58, indicating modest momentum. The price has broken above the recent $4.15 resistance level, forming a modest ascending triangle that could signal a continuation rally if volume holds above 500 k shares. A break above $4.30 would test the previous high and could trigger a short‑term target around $4.55 (the 200‑day SMA), while a break below $3.90 would invite a retest of the 20‑day EMA and a possible pull‑back to $3.65.
Actionable insight: Given Metalla’s significant earnings/ cash‑flow outperformance, the sector‑relative strength, and a clean technical setup, a long position (or add‑to‑existing) is justified for investors with a medium‑term horizon (3‑6 months), targeting $4.30–$4.55 with a stop‑loss around $3.85 (just below the 20‑day SMA). Conversely, if the stock fails to hold the $4.15 breakout on volume, a short‑term sell‑stop at $3.80 can protect against a reversal in a broadly volatile commodity environment.