National Bank Financial Estimates NYSEMKT:MTA Q3 Earnings

Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) – Analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for shares of Metalla Royalty & Streaming in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle forecasts that the company will post earnings per share of $0.00 for the quarter. National Bank Financial has a “Outperform” rating on the stock. The consensus estimate for Metalla Royalty & Streaming’s current full-year earnings is ($0.08) per share.

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

Metalla Royalty & Streaming Stock Performance

NYSEMKT:MTA opened at $3.85 on Friday. The stock has a market cap of $352.27 million, a price-to-earnings ratio of -38.50 and a beta of 1.68. The company has a 50-day moving average price of $3.23 and a 200-day moving average price of $3.06.

Hedge Funds Weigh In On Metalla Royalty & Streaming

Institutional investors have recently added to or reduced their stakes in the business. Merk Investments LLC increased its position in Metalla Royalty & Streaming by 125.0% during the second quarter. Merk Investments LLC now owns 450,000 shares of the company’s stock worth $1,251,000 after purchasing an additional 250,000 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Metalla Royalty & Streaming during the 2nd quarter valued at $234,000. Rathbones Group PLC acquired a new stake in shares of Metalla Royalty & Streaming during the 2nd quarter worth $92,000. Perritt Capital Management Inc. purchased a new position in shares of Metalla Royalty & Streaming in the 1st quarter worth $25,000. Finally, Van ECK Associates Corp boosted its holdings in 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 acquiring an additional 750,503 shares during the last quarter. 17.82% of the stock is currently owned by institutional investors and hedge funds.

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.