Metalla Royalty & Streaming (NYSEAMERICAN:MTA) Trading Up 0.8% – Here’s What Happened

Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTA)’s stock price shot up 0.8% during trading on Tuesday . The stock traded as high as $7.56 and last traded at $7.55. 524,181 shares traded hands during trading, a decline of 12% from the average session volume of 592,519 shares. The stock had previously closed at $7.49.

Analysts Set New Price Targets

Several brokerages recently weighed in on MTA. Ventum Financial raised shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Monday, November 3rd. Scotiabank restated a “sector perform” rating on shares of Metalla Royalty & Streaming in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Metalla Royalty & Streaming has an average rating of “Moderate Buy” and an average target price of $9.00.

Metalla Royalty & Streaming Stock Performance

The company’s 50-day simple moving average is $8.00 and its 200 day simple moving average is $6.76. The stock has a market cap of $703.06 million, a P/E ratio of -251.67 and a beta of 1.27. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On Metalla Royalty & Streaming

Several large investors have recently made changes to their positions in the business. Euro Pacific Asset Management LLC boosted its holdings in shares of Metalla Royalty & Streaming by 0.9% in the 4th quarter. Euro Pacific Asset Management LLC now owns 5,742,309 shares of the company’s stock worth $43,499,000 after buying an additional 48,724 shares during the last quarter. Global Strategic Management Inc. purchased a new stake in Metalla Royalty & Streaming during the fourth quarter worth about $16,183,000. U S Global Investors Inc. raised its position in Metalla Royalty & Streaming by 75.9% in the fourth quarter. U S Global Investors Inc. now owns 1,432,510 shares of the company’s stock worth $11,145,000 after acquiring an additional 617,923 shares during the period. Sprott Inc. raised its position in Metalla Royalty & Streaming by 91.8% in the fourth quarter. Sprott Inc. now owns 1,415,520 shares of the company’s stock worth $11,013,000 after acquiring an additional 677,311 shares during the period. Finally, Two Sigma Investments LP boosted its stake in Metalla Royalty & Streaming by 14.6% in the third quarter. Two Sigma Investments LP now owns 467,723 shares of the company’s stock valued at $2,970,000 after acquiring an additional 59,496 shares during the last quarter. 17.82% of the stock is owned by hedge funds and other institutional investors.

Metalla Royalty & Streaming Company Profile

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.