Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA - Free Report) by 200.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 263,091 shares of the company's stock after buying an additional 175,491 shares during the quarter. Renaissance Technologies LLC owned approximately 0.29% of Metalla Royalty & Streaming worth $660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new stake in shares of Metalla Royalty & Streaming in the 3rd quarter worth about $31,000. Sentry Investment Management LLC bought a new stake in shares of Metalla Royalty & Streaming in the 4th quarter valued at about $49,000. Raymond James Financial Inc. purchased a new stake in Metalla Royalty & Streaming during the fourth quarter worth $57,000. HighTower Advisors LLC grew its stake in Metalla Royalty & Streaming by 572.5% in the fourth quarter. HighTower Advisors LLC now owns 135,224 shares of the company's stock valued at $339,000 after purchasing an additional 115,116 shares during the last quarter. Finally, Euro Pacific Asset Management LLC raised its stake in shares of Metalla Royalty & Streaming by 6.0% during the 4th quarter. Euro Pacific Asset Management LLC now owns 4,821,920 shares of the company's stock worth $12,181,000 after acquiring an additional 270,960 shares in the last quarter. 17.82% of the stock is currently owned by institutional investors.

Metalla Royalty & Streaming Stock Performance

Shares of MTA traded up $0.04 during trading hours on Tuesday, hitting $2.92. The stock had a trading volume of 253,124 shares, compared to its average volume of 293,426. The company has a market capitalization of $270.09 million, a price-to-earnings ratio of -36.50 and a beta of 1.56. The stock has a 50-day simple moving average of $2.93 and a two-hundred day simple moving average of $2.99.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reissued a "sector perform" rating and set 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.