Hillsdale Investment Management Inc. Acquires 249,700 Shares of Metalla Royalty & Streaming Ltd. $MTA

Hillsdale Investment Management Inc. grew its holdings in Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTA) by 374.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,300 shares of the company’s stock after purchasing an additional 249,700 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.34% of Metalla Royalty & Streaming worth $2,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Horizon Kinetics Asset Management LLC increased its holdings in Metalla Royalty & Streaming by 1.0% in the second 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 acquired a new stake in shares of Metalla Royalty & Streaming during the 3rd quarter worth approximately $25,000. JPMorgan Chase & Co. grew its position in shares of Metalla Royalty & Streaming by 42.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,071 shares of the company’s stock worth $54,000 after buying an additional 4,171 shares during the period. Jane Street Group LLC increased its stake in shares of Metalla Royalty & Streaming by 30.5% in the 1st quarter. Jane Street Group LLC now owns 25,846 shares of the company’s stock valued at $74,000 after acquiring an additional 6,040 shares in the last quarter. Finally, PFG Investments LLC acquired a new position in shares of Metalla Royalty & Streaming during the 3rd quarter valued at $68,000. Institutional investors and hedge funds own 17.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MTA. Scotiabank restated a “sector perform” rating on shares of Metalla Royalty & Streaming in a report on Monday, January 26th. Ventum Financial raised shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

Metalla Royalty & Streaming Stock Up 1.5%

MTA opened at $8.12 on Monday. Metalla Royalty & Streaming Ltd. has a twelve month low of $2.53 and a twelve month high of $8.96. The company’s 50-day moving average price is $8.00 and its two-hundred day moving average price is $6.84. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.05. The stock has a market cap of $756.13 million, a price-to-earnings ratio of -270.67 and a beta of 1.27.

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.