Metalla Royalty & Streaming (NYSEMKT:MTA) Now Covered by National Bank Financial

National Bank Financial initiated coverage on shares of Metalla Royalty & Streaming (NYSEMKT:MTA) in a report released on Tuesday morning, Marketbeat reports. The brokerage issued an outperform rating on the stock.

Separately, Canaccord Genuity Group raised Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Tuesday, October 1st.

Metalla Royalty & Streaming Trading Down 0.5 %

Shares of MTA opened at $3.92 on Tuesday. The company has a fifty day moving average price of $3.17 and a 200 day moving average price of $3.05. The firm has a market capitalization of $358.68 million, a P/E ratio of -39.20 and a beta of 1.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in shares of Metalla Royalty & Streaming by 20.0% in the first quarter. Van ECK Associates Corp now owns 4,502,603 shares of the company’s stock valued at $14,003,000 after purchasing an additional 750,503 shares during the period. Merk Investments LLC boosted its position in Metalla Royalty & Streaming by 125.0% in the second quarter. Merk Investments LLC now owns 450,000 shares of the company’s stock valued at $1,251,000 after buying an additional 250,000 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Metalla Royalty & Streaming in the 2nd quarter worth approximately $234,000. Rathbones Group PLC purchased a new position in Metalla Royalty & Streaming during the 2nd quarter worth approximately $92,000. Finally, Sunbelt Securities Inc. acquired a new stake in Metalla Royalty & Streaming during the 1st quarter valued at approximately $52,000. Hedge funds and other institutional investors own 17.82% of the company’s stock.

Metalla Royalty & Streaming Company Profile

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.