Metalla Royalty & Streaming (NYSEMKT:MTA) Earns Outperform Rating from Analysts at National Bank Financial

National Bank Financial initiated coverage on shares of Metalla Royalty & Streaming (NYSEMKT:MTA) in a report published on Tuesday, MarketBeat reports. The brokerage issued an outperform rating on the stock.

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

Metalla Royalty & Streaming Price Performance

Shares of Metalla Royalty & Streaming stock opened at $3.79 on Tuesday. The stock has a market cap of $346.78 million, a price-to-earnings ratio of -37.60 and a beta of 1.68. The company has a fifty day moving average of $3.19 and a 200-day moving average of $3.05.

Institutional Trading of Metalla Royalty & Streaming

Several institutional investors have recently added to or reduced their stakes in MTA. Van ECK Associates Corp increased its holdings in Metalla Royalty & Streaming by 20.0% in the 1st quarter. Van ECK Associates Corp now owns 4,502,603 shares of the company’s stock valued at $14,003,000 after purchasing an additional 750,503 shares during the last quarter. Merk Investments LLC increased its holdings in Metalla Royalty & Streaming by 125.0% in the 2nd quarter. Merk Investments LLC now owns 450,000 shares of the company’s stock valued at $1,251,000 after purchasing an additional 250,000 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Metalla Royalty & Streaming in the 2nd quarter valued at approximately $234,000. Rathbones Group PLC purchased a new position in Metalla Royalty & Streaming in the 2nd quarter valued at approximately $92,000. Finally, Sunbelt Securities Inc. purchased a new position in Metalla Royalty & Streaming in the 1st quarter valued at approximately $52,000. 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.