Stonehage Fleming Financial Services Holdings Ltd Purchases 9,993 Shares of Metalla Royalty & Streaming Ltd. $MTA

Stonehage Fleming Financial Services Holdings Ltd increased its stake in shares of Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) by 95.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,490 shares of the company’s stock after acquiring an additional 9,993 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Metalla Royalty & Streaming were worth $79,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Euro Pacific Asset Management LLC raised its holdings in shares of Metalla Royalty & Streaming by 11.8% in the second quarter. Euro Pacific Asset Management LLC now owns 5,657,905 shares of the company’s stock valued at $21,720,000 after purchasing an additional 596,472 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Metalla Royalty & Streaming by 38.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 168,009 shares of the company’s stock valued at $484,000 after buying an additional 47,054 shares during the period. Bank of America Corp DE bought a new position in Metalla Royalty & Streaming during the fourth quarter valued at about $114,000. Millennium Management LLC grew its position in Metalla Royalty & Streaming by 77.2% during the fourth quarter. Millennium Management LLC now owns 40,689 shares of the company’s stock valued at $102,000 after buying an additional 17,729 shares during the period. Finally, XTX Topco Ltd bought a new position in Metalla Royalty & Streaming during the first quarter valued at about $84,000. Institutional investors and hedge funds own 17.82% of the company’s stock.

Metalla Royalty & Streaming Price Performance

MTA stock opened at $6.64 on Friday. The company has a 50 day moving average price of $5.34 and a 200 day moving average price of $4.05. The company has a market capitalization of $614.61 million, a price-to-earnings ratio of -83.00 and a beta of 1.43.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MTA shares. National Bankshares restated an “outperform” rating on shares of Metalla Royalty & Streaming in a research report on Friday, August 15th. BMO Capital Markets upgraded shares of Metalla Royalty & Streaming from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 25th. Finally, Zacks Research lowered shares of Metalla Royalty & Streaming from a “hold” rating to a “strong sell” rating in a research report on Friday, October 3rd. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $4.50.

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.