Van ECK Associates Corp Cuts Position in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA)

Van ECK Associates Corp cut its position in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,085,725 shares of the company's stock after selling 362,518 shares during the period. Van ECK Associates Corp owned about 4.44% of Metalla Royalty & Streaming worth $10,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTA. XTX Topco Ltd bought a new position in Metalla Royalty & Streaming during the third quarter valued at $129,000. Euro Pacific Asset Management LLC lifted its position in Metalla Royalty & Streaming by 6.0% during 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 purchasing an additional 270,960 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Metalla Royalty & Streaming during the third quarter valued at $31,000. Finally, DF Dent & Co. Inc. bought a new position in Metalla Royalty & Streaming during the third quarter valued at $77,000. 17.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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Metalla Royalty & Streaming Trading Down 2.8 %

NYSEMKT MTA traded down $0.09 on Thursday, hitting $3.12. 263,790 shares of the company's stock traded hands, compared to its average volume of 295,379. The stock's fifty day moving average price is $2.80 and its 200-day moving average price is $3.02.

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.