Marshall Wace LLP Makes New Investment in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA)

Marshall Wace LLP bought a new position in shares of Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 348,285 shares of the company's stock, valued at approximately $874,000. Marshall Wace LLP owned about 0.38% of Metalla Royalty & Streaming at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MTA. JPMorgan Chase & Co. acquired a new position in shares of Metalla Royalty & Streaming in the third quarter valued at approximately $31,000. Sentry Investment Management LLC purchased a new stake in shares of Metalla Royalty & Streaming during the 4th quarter valued at $49,000. Raymond James Financial Inc. acquired a new stake in shares of Metalla Royalty & Streaming during the 4th quarter worth $57,000. HighTower Advisors LLC raised its position in shares of Metalla Royalty & Streaming by 572.5% in the 4th quarter. HighTower Advisors LLC now owns 135,224 shares of the company's stock worth $339,000 after buying an additional 115,116 shares during the period. Finally, Renaissance Technologies LLC grew its position in Metalla Royalty & Streaming by 200.3% during the fourth quarter. Renaissance Technologies LLC now owns 263,091 shares of the company's stock valued at $660,000 after acquiring an additional 175,491 shares during the period. Hedge funds and other institutional investors own 17.82% of the company's stock.

Analysts Set New Price Targets

Separately, Scotiabank reaffirmed a "sector perform" rating and set a $4.50 price target on shares of Metalla Royalty & Streaming in a research report on Wednesday, January 15th.

Metalla Royalty & Streaming Trading Up 1.4 %

Shares of MTA stock traded up $0.04 during mid-day trading on Tuesday, hitting $2.92. 253,124 shares of the stock traded hands, compared to its average volume of 293,426. The stock has a market capitalization of $270.09 million, a price-to-earnings ratio of -36.50 and a beta of 1.56. The stock's fifty day simple moving average is $2.93 and its 200-day simple moving average is $2.99.

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.