Metalla Royalty & Streaming (NYSEAMERICAN:MTA) Stock Price Down 2.1% – Should You Sell?

Shares of Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTA) traded down 2.1% during trading on Monday . The stock traded as low as $6.61 and last traded at $6.65. 343,769 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 646,453 shares. The stock had previously closed at $6.79.

Analysts Set New Price Targets

Separately, Scotiabank reissued a “sector perform” rating on shares of Metalla Royalty & Streaming in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Metalla Royalty & Streaming Trading Down 2.1%

The stock’s fifty day moving average price is $7.74 and its 200 day moving average price is $7.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.41 and a quick ratio of 2.41. The stock has a market capitalization of $621.38 million, a P/E ratio of -133.00 and a beta of 1.38.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. McAlvany Wealth Management LLC bought a new position in shares of Metalla Royalty & Streaming in the fourth quarter worth about $1,071,000. Virtu Financial LLC grew its holdings in shares of Metalla Royalty & Streaming by 16.6% in the fourth quarter. Virtu Financial LLC now owns 21,540 shares of the company’s stock worth $168,000 after purchasing an additional 3,059 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Metalla Royalty & Streaming by 1,657.8% in the fourth quarter. Mackenzie Financial Corp now owns 731,231 shares of the company’s stock worth $5,557,000 after purchasing an additional 689,631 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of Metalla Royalty & Streaming by 33.4% in the fourth quarter. XTX Topco Ltd now owns 38,862 shares of the company’s stock worth $302,000 after purchasing an additional 9,724 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its holdings in shares of Metalla Royalty & Streaming by 2,106.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 387,567 shares of the company’s stock worth $3,015,000 after purchasing an additional 369,998 shares during the last quarter. 17.82% of the stock is currently owned by 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.