Metalla Royalty: Massive Break-Out; Top Gold Investment for 2020
Updated
Metalla Royalty is, as the stock name suggests, a royalty and streaming gold and silver company. That is, it gains revenue off a royalty stream, not the act of mining.
Similar to Sandstorm and Franco-Nevada, Metalla is the "up and comer" for royalty streaming and has a strong management team.
Currently, much of the gains for Sandstorm and Franco-Nevada are baked in until Gold really begins to surge past 1500 again (which will come faster than people think). Both Sandstorm and Franco trade at about 90x P/E; although this doesn't necessarily mean anything at first glance, in this case, and in the precious metals sector, what it means is it will take a large resurgence in Gold to push either stock higher. What it also means is if either company misses an earnings report you can expect downwards pressure. For this reason, Franco-Nevada has barely moved in 3-4 weeks despite record earnings beat.
Nonetheless, my top pick for the remainder of 2019 and through 2020 is MTA (Metalla) for the mitigated risk due to the royalty streaming aspect of the company, and how cheap the stock is. The good news is in the next week or so it will be trading on the NYSE which will likely push the stock up 50-100% over the next few months.
Don't miss out on a great opportunity before this stock gets more well-known.
Massive bullish volume averaging 600-800k per day over the last little while.
- zSplit
Similar to Sandstorm and Franco-Nevada, Metalla is the "up and comer" for royalty streaming and has a strong management team.
Currently, much of the gains for Sandstorm and Franco-Nevada are baked in until Gold really begins to surge past 1500 again (which will come faster than people think). Both Sandstorm and Franco trade at about 90x P/E; although this doesn't necessarily mean anything at first glance, in this case, and in the precious metals sector, what it means is it will take a large resurgence in Gold to push either stock higher. What it also means is if either company misses an earnings report you can expect downwards pressure. For this reason, Franco-Nevada has barely moved in 3-4 weeks despite record earnings beat.
Nonetheless, my top pick for the remainder of 2019 and through 2020 is MTA (Metalla) for the mitigated risk due to the royalty streaming aspect of the company, and how cheap the stock is. The good news is in the next week or so it will be trading on the NYSE which will likely push the stock up 50-100% over the next few months.
Don't miss out on a great opportunity before this stock gets more well-known.
Massive bullish volume averaging 600-800k per day over the last little while.
- zSplit
Order cancelled
Decided to cut my investment by 50% as the company announced a share consolidation. This typically results in a retracement back to pre-breakout levels (so now about $5.20-5.50 level before rising further.
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