Metalla Royalty & Streaming (NYSEMKT:MTA) Upgraded at Zacks Research

Zacks Research upgraded shares of Metalla Royalty & Streaming (NYSEMKT:MTA) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other research analysts also recently commented on MTA. National Bankshares reiterated an “outperform” rating on shares of Metalla Royalty & Streaming in a research report on Friday, August 15th. BMO Capital Markets upgraded Metalla Royalty & Streaming from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 25th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

Metalla Royalty & Streaming Stock Up 6.2%

NYSEMKT MTA opened at $7.54 on Monday. The company has a market cap of $697.91 million, a P/E ratio of -94.25 and a beta of 1.43. The firm’s 50 day moving average price is $5.51 and its 200 day moving average price is $4.14.

Institutional Investors Weigh In On Metalla Royalty & Streaming

Several hedge funds have recently bought and sold shares of the stock. Horizon Kinetics Asset Management LLC boosted its position in Metalla Royalty & Streaming by 1.0% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 405,430 shares of the company’s stock worth $1,557,000 after purchasing an additional 3,889 shares in the last quarter. CWM LLC purchased a new stake in Metalla Royalty & Streaming in the 3rd quarter worth approximately $25,000. JPMorgan Chase & Co. boosted its position in Metalla Royalty & Streaming by 42.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,071 shares of the company’s stock worth $54,000 after purchasing an additional 4,171 shares in the last quarter. Jane Street Group LLC boosted its position in Metalla Royalty & Streaming by 30.5% in the 1st quarter. Jane Street Group LLC now owns 25,846 shares of the company’s stock worth $74,000 after purchasing an additional 6,040 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd boosted its position in Metalla Royalty & Streaming by 95.2% in the 2nd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 20,490 shares of the company’s stock worth $79,000 after purchasing an additional 9,993 shares in the last quarter. Hedge funds and other institutional investors own 17.82% of the company’s stock.

About Metalla Royalty & Streaming

Metalla Royalty & Streaming Ltd., a precious metals royalty and streaming company, engages in the acquisition and management of gold, silver, copper royalties, streams, and related production-based interests in Canada. It operates in Australia, Argentina, Mexico, Canada, Tanzania, Ecuador, Peru, Chile, Brazil, Venezuela, and the United States.