Metalla Royalty & Streaming’s (MTA) “Sector Perform” Rating Reaffirmed at Scotiabank

Scotiabank reissued their sector perform rating on shares of Metalla Royalty & Streaming (NYSEMKT:MTA) in a report released on Wednesday,Benzinga reports. They currently have a $4.50 price target on the stock.

Other research analysts have also recently issued research reports about the company. National Bank Financial assumed coverage on Metalla Royalty & Streaming in a research report 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 report on Tuesday, October 1st.

Metalla Royalty & Streaming Price Performance

Shares of NYSEMKT:MTA opened at $2.72 on Wednesday. The firm has a 50 day moving average price of $2.84 and a 200-day moving average price of $3.02.

Institutional Investors Weigh In On Metalla Royalty & Streaming

A number of institutional investors have recently modified their holdings of the stock. Merk Investments LLC lifted 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 buying an additional 250,000 shares during the last quarter. Euro Pacific Asset Management LLC raised its stake in shares of Metalla Royalty & Streaming by 3.0% during the third quarter. Euro Pacific Asset Management LLC now owns 4,550,960 shares of the company’s stock valued at $14,038,000 after purchasing an additional 132,131 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Metalla Royalty & Streaming in the 2nd quarter worth approximately $234,000. XTX Topco Ltd bought a new position in Metalla Royalty & Streaming during the 3rd quarter valued at $129,000. Finally, Rathbones Group PLC acquired a new position in Metalla Royalty & Streaming during the second quarter worth about $92,000. Institutional investors and hedge funds own 17.82% of the company’s stock.

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.