Metalla Royalty & Streaming (NYSEMKT:MTA) Shares Up 0.8% – Should You Buy?

Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) was up 0.8% during mid-day trading on Monday . The company traded as high as $8.4650 and last traded at $8.37. Approximately 767,118 shares were traded during mid-day trading, an increase of 161% from the average daily volume of 293,426 shares. The stock had previously closed at $8.30.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MTA shares. Scotiabank reiterated a “sector perform” rating on shares of Metalla Royalty & Streaming in a research report on Monday. Zacks Research upgraded shares of Metalla Royalty & Streaming from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Ventum Cap Mkts raised shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $7.50.

Metalla Royalty & Streaming Stock Performance

The company has a market cap of $777.56 million, a price-to-earnings ratio of -104.63 and a beta of 1.30. The business’s 50 day moving average price is $7.77 and its 200-day moving average price is $6.34.

Hedge Funds Weigh In On Metalla Royalty & Streaming

Large investors have recently bought and sold shares of the company. PFG Investments LLC lifted its stake in shares of Metalla Royalty & Streaming by 11.9% in the 4th quarter. PFG Investments LLC now owns 11,910 shares of the company’s stock valued at $93,000 after purchasing an additional 1,263 shares during the period. Horizon Kinetics Asset Management LLC lifted its position in shares of Metalla Royalty & Streaming by 1.0% during the second quarter. Horizon Kinetics Asset Management LLC now owns 405,430 shares of the company’s stock valued at $1,557,000 after purchasing an additional 3,889 shares in the last quarter. CWM LLC bought a new stake in shares of Metalla Royalty & Streaming during the 3rd quarter worth $25,000. JPMorgan Chase & Co. lifted its stake in Metalla Royalty & Streaming by 42.1% in the second quarter. JPMorgan Chase & Co. now owns 14,071 shares of the company’s stock valued at $54,000 after purchasing an additional 4,171 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Metalla Royalty & Streaming by 30.5% in the first quarter. Jane Street Group LLC now owns 25,846 shares of the company’s stock valued at $74,000 after purchasing an additional 6,040 shares during the period. 17.82% of the stock is currently owned by institutional investors.

About Metalla Royalty & Streaming

Metalla Royalty & Streaming Ltd. is a Canada‐based precious metals royalty and streaming company focused on acquiring and managing royalties and streams on mineral properties. Headquartered in Vancouver, British Columbia, the firm provides financing to mining operators by purchasing royalty and stream interests that grant it a share of future metal production or revenues. These non‐dilutive arrangements enable Metalla to participate in the upside of mining projects without the operational risks associated with direct mine ownership.

The company’s portfolio spans a broad range of precious and battery metals, including gold, silver, copper, nickel and cobalt.