Insigneo Advisory Services LLC Takes Position in Metalla Royalty & Streaming Ltd. $MTA

Insigneo Advisory Services LLC bought a new stake in shares of Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) in the 2nd quarter, HoldingsChannel reports. The fund bought 357,029 shares of the company’s stock, valued at approximately $1,371,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTA. Virtu Financial LLC bought a new position in Metalla Royalty & Streaming during the first quarter valued at about $49,000. JPMorgan Chase & Co. boosted its stake in Metalla Royalty & Streaming by 42.1% in the second quarter. JPMorgan Chase & Co. now owns 14,071 shares of the company’s stock valued at $54,000 after acquiring an additional 4,171 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Metalla Royalty & Streaming during the 1st quarter valued at approximately $63,000. Jane Street Group LLC increased its stake in shares of Metalla Royalty & Streaming by 30.5% during the 1st quarter. Jane Street Group LLC now owns 25,846 shares of the company’s stock worth $74,000 after purchasing an additional 6,040 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd raised its holdings in shares of Metalla Royalty & Streaming by 95.2% in the 2nd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 20,490 shares of the company’s stock worth $79,000 after purchasing an additional 9,993 shares during the period. 17.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Ventum Cap Mkts raised Metalla Royalty & Streaming to a “strong-buy” rating in a report on Monday, November 3rd. Zacks Research upgraded Metalla Royalty & Streaming from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Scotiabank raised their price target on Metalla Royalty & Streaming from $5.00 to $7.50 and gave the stock a “sector perform” rating in a report on Thursday, October 23rd. Finally, National Bankshares reiterated an “outperform” rating on shares of Metalla Royalty & Streaming in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.50.

Metalla Royalty & Streaming Stock Up 5.2%

NYSEMKT MTA opened at $6.89 on Tuesday. The stock has a market cap of $637.75 million, a PE ratio of -86.13 and a beta of 1.43. The business has a 50-day moving average price of $6.60 and a 200 day moving average price of $4.92.

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.