Metalla Royalty & Streaming (NYSEMKT:MTA) Stock Rating Upgraded by Zacks Research

Key Points

• Metalla Royalty & Streaming has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, reflecting improved investor sentiment.
• Analysts have given the stock an average rating of "Moderate Buy" with a price target of $4.50, amidst multiple recent upgrades from other firms.
• Institutional interest has increased, with hedge funds, including Euro Pacific Asset Management and Raymond James Financial, boosting their stakes significantly in recent months.

Metalla Royalty & Streaming (NYSEMKT:MTA - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. National Bankshares reissued an "outperform" rating on shares of Metalla Royalty & Streaming in a research note on Friday, August 15th. BMO Capital Markets upgraded shares of Metalla Royalty & Streaming from a "market perform" rating to an "outperform" rating in a report on Wednesday, June 25th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $4.50.

Metalla Royalty & Streaming Stock Performance

Shares of NYSEMKT MTA opened at $7.10 on Monday. The stock has a market cap of $657.18 million, a PE ratio of -88.75 and a beta of 1.43. The company's 50-day simple moving average is $5.45 and its 200-day simple moving average is $4.11.

Institutional Investors Weigh In On Metalla Royalty & Streaming

A number of hedge funds have recently added to or reduced their stakes in MTA. Euro Pacific Asset Management LLC raised its holdings in shares of Metalla Royalty & Streaming by 0.6% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 5,693,585 shares of the company's stock valued at $35,679,000 after purchasing an additional 35,680 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Metalla Royalty & Streaming by 32.0% in the 2nd quarter. Marshall Wace LLP now owns 419,373 shares of the company's stock valued at $1,610,000 after purchasing an additional 101,716 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its position in shares of Metalla Royalty & Streaming by 1.0% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 405,430 shares of the company's stock valued at $1,557,000 after buying an additional 3,889 shares during the last quarter. Insigneo Advisory Services LLC purchased a new position in shares of Metalla Royalty & Streaming in the 2nd quarter valued at $1,371,000. Finally, Raymond James Financial Inc. grew its position in shares of Metalla Royalty & Streaming by 2,230.4% in the 2nd quarter. Raymond James Financial Inc. now owns 280,508 shares of the company's stock valued at $1,077,000 after buying 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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