Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) Stake Raised by Merk Investments LLC

Merk Investments LLC increased its stake in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA - Free Report) by 34.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,000,000 shares of the company's stock after purchasing an additional 771,189 shares during the quarter. Metalla Royalty & Streaming comprises about 7.7% of Merk Investments LLC's holdings, making the stock its 4th largest position. Merk Investments LLC owned 3.26% of Metalla Royalty & Streaming worth $7,530,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oxford Asset Management LLP bought a new stake in shares of Metalla Royalty & Streaming in the 4th quarter worth approximately $44,000. Two Sigma Securities LLC lifted its stake in shares of Metalla Royalty & Streaming by 55.5% during the 4th quarter. Two Sigma Securities LLC now owns 15,841 shares of the company's stock valued at $40,000 after buying an additional 5,655 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Metalla Royalty & Streaming in the fourth quarter worth $874,000. Raymond James Financial Inc. bought a new position in Metalla Royalty & Streaming during the fourth quarter valued at approximately $57,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Metalla Royalty & Streaming by 200.3% in the 4th quarter. Renaissance Technologies LLC now owns 263,091 shares of the company's stock worth $660,000 after buying an additional 175,491 shares during the last quarter. Hedge funds and other institutional investors own 17.82% of the company's stock.

Metalla Royalty & Streaming Price Performance

Shares of NYSEMKT:MTA traded up $0.04 on Tuesday, hitting $2.92. 253,124 shares of the company were exchanged, compared to its average volume of 293,426. The firm's 50 day moving average price is $2.93 and its 200 day moving average price is $2.99. The stock has a market capitalization of $270.09 million, a price-to-earnings ratio of -36.50 and a beta of 1.56.

Wall Street Analysts Forecast Growth

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

Metalla Royalty & Streaming 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.