Metalla Royalty & Streaming's (MTA) Sector Perform Rating Reaffirmed at Scotiabank

Metalla Royalty & Streaming (NYSEMKT:MTA - Get Free Report)'s stock had its "sector perform" rating reiterated by analysts at Scotiabank in a research report issued on Wednesday,Benzinga reports. They currently have a $4.50 price objective on the stock. Scotiabank's price objective indicates a potential upside of 69.17% from the company's current price.

Several other equities analysts also recently commented on MTA. National Bank Financial began coverage on shares of Metalla Royalty & Streaming in a research note on Tuesday, October 22nd. They issued an "outperform" rating for the company. Canaccord Genuity Group raised Metalla Royalty & Streaming to a "strong-buy" rating in a research note on Tuesday, October 1st.

Metalla Royalty & Streaming Stock Performance

Shares of NYSEMKT:MTA traded up $0.13 during mid-day trading on Wednesday, reaching $2.66. 272,962 shares of the company were exchanged, compared to its average volume of 353,730. The company has a 50-day moving average price of $2.84 and a 200-day moving average price of $3.02. The company has a market cap of $244.92 million, a price-to-earnings ratio of -33.25 and a beta of 1.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MTA. Rathbones Group PLC acquired a new position in shares of Metalla Royalty & Streaming during the second quarter worth about $92,000. Renaissance Technologies LLC purchased a new stake in Metalla Royalty & Streaming in the 2nd quarter valued at approximately $234,000. Merk Investments LLC boosted its holdings in Metalla Royalty & Streaming by 125.0% in the 2nd quarter. Merk Investments LLC now owns 450,000 shares of the company's stock valued at $1,251,000 after purchasing an additional 250,000 shares in the last quarter. Euro Pacific Asset Management LLC increased its position in Metalla Royalty & Streaming by 3.0% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 4,550,960 shares of the company's stock worth $14,038,000 after purchasing an additional 132,131 shares during the period. Finally, DF Dent & Co. Inc. purchased a new position in shares of Metalla Royalty & Streaming during the 3rd quarter worth approximately $77,000. 17.82% of the stock is currently owned by hedge funds and other institutional investors.

About Metalla Royalty & Streaming

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.