Metalla Royalty & Streaming (NYSEMKT:MTA) Stock Price Up 1.3% - Should You Buy?

Key Points

• Metalla Royalty & Streaming Ltd. saw a stock price increase of 1.3%, trading last at $6.35, with a total volume of approximately 401,065 shares during trading on Wednesday.
• The stock has received a Moderate Buy consensus rating from analysts, with three ratings classified as Buy and one as Hold, alongside a target price of $4.50.
• Institutional investors have significantly increased their positions in the company, with Euro Pacific Asset Management increasing their stake by 11.8% and Raymond James Financial raising theirs by 2,230.4% in the second quarter.

Shares of Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA - Get Free Report) were up 1.3% during trading on Wednesday . The stock traded as high as $6.41 and last traded at $6.35. Approximately 401,065 shares were traded during trading, an increase of 37% from the average daily volume of 293,426 shares. The stock had previously closed at $6.27.

Analyst Ratings Changes

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

Metalla Royalty & Streaming Trading Up 2.8%

The stock has a market cap of $604.42 million, a PE ratio of -81.63 and a beta of 1.43. The firm's 50-day moving average price is $4.97 and its two-hundred day moving average price is $3.87.

Institutional Investors Weigh In On Metalla Royalty & Streaming

A number of institutional investors have recently made changes to their positions in the stock. Euro Pacific Asset Management LLC increased its position in shares of Metalla Royalty & Streaming by 11.8% during the second quarter. Euro Pacific Asset Management LLC now owns 5,657,905 shares of the company's stock valued at $21,720,000 after acquiring an additional 596,472 shares during the last quarter. Marshall Wace LLP increased its position in shares of Metalla Royalty & Streaming by 32.0% during the second quarter. Marshall Wace LLP now owns 419,373 shares of the company's stock valued at $1,610,000 after acquiring an additional 101,716 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its position in shares of Metalla Royalty & Streaming by 1.0% during the second quarter. Horizon Kinetics Asset Management LLC now owns 405,430 shares of the company's stock valued at $1,557,000 after acquiring an additional 3,889 shares during the last quarter. Insigneo Advisory Services LLC acquired a new stake in shares of Metalla Royalty & Streaming during the second quarter valued at about $1,371,000. Finally, Raymond James Financial Inc. increased its position in shares of Metalla Royalty & Streaming by 2,230.4% during the second quarter. Raymond James Financial Inc. now owns 280,508 shares of the company's stock valued at $1,077,000 after acquiring an additional 268,471 shares during the last quarter. 17.82% of the stock is currently owned by institutional investors and hedge funds.

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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