Metalla Royalty & Streaming (NYSEMKT:MTA - Get Free Report) was upgraded by investment analysts at BMO Capital Markets from a "market perform" rating to an "outperform" rating in a research report issued on Wednesday, Marketbeat reports.
Metalla Royalty & Streaming Trading Down 3.1%
MTA stock traded down $0.12 on Wednesday, hitting $3.81. 674,936 shares of the company's stock were exchanged, compared to its average volume of 293,426. The stock's 50-day simple moving average is $3.24 and its 200 day simple moving average is $2.98. The firm has a market capitalization of $352.52 million, a PE ratio of -47.63 and a beta of 1.54.
Institutional Trading of Metalla Royalty & Streaming
Several large investors have recently added to or reduced their stakes in the company. Merk Investments LLC lifted its holdings in shares of Metalla Royalty & Streaming by 34.6% in the 4th quarter. Merk Investments LLC now owns 3,000,000 shares of the company's stock valued at $7,530,000 after buying an additional 771,189 shares during the period. U S Global Investors Inc. purchased a new position in Metalla Royalty & Streaming during the fourth quarter worth approximately $2,522,000. Sprott Inc. boosted its position in Metalla Royalty & Streaming by 2,927.3% during the fourth quarter. Sprott Inc. now owns 730,174 shares of the company's stock worth $1,833,000 after purchasing an additional 706,054 shares in the last quarter. Marshall Wace LLP purchased a new position in Metalla Royalty & Streaming during the fourth quarter worth approximately $874,000. Finally, Renaissance Technologies LLC boosted 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 worth $660,000 after purchasing an additional 175,491 shares in the last quarter. Hedge funds and other institutional investors own 17.82% of the company's stock.
About Metalla Royalty & Streaming
(
Get Free Report)
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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