Metalla Royalty & Streaming Ltd. $MTA Shares Bought by Euro Pacific Asset Management LLC

Key Points

• Euro Pacific Asset Management LLC increased its holdings in Metalla Royalty & Streaming by 11.8%, owning over 5.6 million shares, which constitutes 3.5% of its investment portfolio.
• Other hedge funds also increased their positions, with Two Sigma Investments LP raising its stake by 58.5% and owning 232,409 shares worth approximately $583,000.
• Analysts have shown a positive outlook, with BMO Capital Markets upgrading Metalla Royalty & Streaming to an "outperform" rating, resulting in a consensus rating of "Moderate Buy" and a target price of $4.50.

Euro Pacific Asset Management LLC raised its position in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA - Free Report) by 11.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,657,905 shares of the company's stock after buying an additional 596,472 shares during the period. Metalla Royalty & Streaming comprises 3.5% of Euro Pacific Asset Management LLC's investment portfolio, making the stock its 11th biggest position. Euro Pacific Asset Management LLC owned approximately 6.12% of Metalla Royalty & Streaming worth $21,720,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Two Sigma Investments LP increased its stake in shares of Metalla Royalty & Streaming by 58.5% in the 4th quarter. Two Sigma Investments LP now owns 232,409 shares of the company's stock valued at $583,000 after purchasing an additional 85,815 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Metalla Royalty & Streaming by 38.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 168,009 shares of the company's stock valued at $484,000 after purchasing an additional 47,054 shares during the period. Bank of America Corp DE purchased a new stake in shares of Metalla Royalty & Streaming in the fourth quarter valued at approximately $114,000. Millennium Management LLC raised its stake in shares of Metalla Royalty & Streaming by 77.2% during the 4th quarter. Millennium Management LLC now owns 40,689 shares of the company's stock worth $102,000 after buying an additional 17,729 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of Metalla Royalty & Streaming by 24.7% during the 4th quarter. Two Sigma Advisers LP now owns 27,300 shares of the company's stock valued at $69,000 after buying an additional 5,400 shares in the last quarter. 17.82% of the stock is owned by hedge funds and other institutional investors.

Metalla Royalty & Streaming Stock Performance

Shares of NYSEMKT MTA opened at $6.61 on Monday. The stock has a market cap of $611.83 million, a PE ratio of -82.63 and a beta of 1.43. The company's 50-day simple moving average is $5.07 and its 200-day simple moving average is $3.92.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MTA shares. BMO Capital Markets raised shares of Metalla Royalty & Streaming from a "market perform" rating to an "outperform" rating in a report on Wednesday, June 25th. National Bankshares reissued an "outperform" rating on shares of Metalla Royalty & Streaming in a research note on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.50.

About Metalla Royalty & Streaming

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.

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