IAG - Metalla Royalty & Streaming: A Look At The Valuation After The Drop
- Metalla Royalty & Streaming is one of the worst-performing precious metals stocks this year, down ~30% year-to-date.
- This underperformance is likely tied to the stock's valuation, given that the stock entered the year trading at a triple-digit revenue multiple.
- While the valuation has improved with the sharp decline, Metalla is still not cheap, trading at more than 45x FY2021 revenue estimates.
- So, while the company's royalty portfolio continues to improve, I continue to see much better value in the royalty/streaming space.
For further details see:
Metalla Royalty & Streaming: A Look At The Valuation After The Drop