All You Need to Know About Metalla Royalty & Streaming (MTA) Rating Upgrade to Buy

Core Viewpoint - Metalla Royalty & Streaming Ltd. (MTA) has received a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - For Metalla Royalty & Streaming, the expected earnings for the fiscal year ending December 2024 are -$0.07 per share, reflecting a year-over-year change of 36.4% [8]. - Over the past three months, the Zacks Consensus Estimate for the company has increased by 8.3%, indicating a positive trend in earnings expectations [8]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Metalla Royalty & Streaming to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10][11].