National Bank Financial Begins Coverage on Metalla Royalty & Streaming (NYSEMKT:MTA)

Research analysts at National Bank Financial began coverage on shares of Metalla Royalty & Streaming (NYSEMKT:MTA - Get Free Report) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set an "outperform" rating on the stock.

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

Metalla Royalty & Streaming Price Performance

MTA stock traded down $0.02 during trading on Tuesday, reaching $3.92. 690,877 shares of the company were exchanged, compared to its average volume of 325,660. The business's fifty day moving average is $3.17 and its 200-day moving average is $3.05. The company has a market capitalization of $358.68 million, a P/E ratio of -39.20 and a beta of 1.68.

Institutional Investors Weigh In On Metalla Royalty & Streaming

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Perritt Capital Management Inc. purchased a new position in shares of Metalla Royalty & Streaming in the first quarter worth $25,000. Sunbelt Securities Inc. bought a new stake in shares of Metalla Royalty & Streaming during the 1st quarter valued at $52,000. Rathbones Group PLC bought a new stake in shares of Metalla Royalty & Streaming during the 2nd quarter valued at $92,000. Renaissance Technologies LLC purchased a new position in shares of Metalla Royalty & Streaming in the 2nd quarter worth about $234,000. Finally, Merk Investments LLC raised its position in shares of Metalla Royalty & Streaming by 125.0% in the 2nd 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. 17.82% of the stock is owned by hedge funds and other institutional investors.

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.