HighTower Advisors LLC Has $339,000 Holdings in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA)

HighTower Advisors LLC raised its position in shares of Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA - Free Report) by 572.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,224 shares of the company's stock after acquiring an additional 115,116 shares during the period. HighTower Advisors LLC owned approximately 0.15% of Metalla Royalty & Streaming worth $339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. U S Global Investors Inc. bought a new position in Metalla Royalty & Streaming during the fourth quarter worth about $2,522,000. XTX Topco Ltd acquired a new position in shares of Metalla Royalty & Streaming during the 3rd quarter worth approximately $129,000. Sprott Inc. raised its position in shares of Metalla Royalty & Streaming by 2,927.3% in the fourth quarter. Sprott Inc. now owns 730,174 shares of the company's stock valued at $1,833,000 after buying an additional 706,054 shares in the last quarter. Euro Pacific Asset Management LLC raised its position in shares of Metalla Royalty & Streaming by 6.0% in the fourth quarter. Euro Pacific Asset Management LLC now owns 4,821,920 shares of the company's stock valued at $12,181,000 after buying an additional 270,960 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Metalla Royalty & Streaming in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 17.82% of the company's stock.

Wall Street Analyst Weigh In

Separately, Scotiabank reaffirmed a "sector perform" rating and issued a $4.50 price target on shares of Metalla Royalty & Streaming in a research note on Wednesday, January 15th.

Metalla Royalty & Streaming Price Performance

The firm has a 50-day simple moving average of $2.96 and a 200 day simple moving average of $3.03. The stock has a market capitalization of $262.69 million, a P/E ratio of -35.50 and a beta of 1.53.

Metalla Royalty & Streaming 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.