Canaccord Genuity Group upgraded shares of Metalla Royalty & Streaming (NYSEMKT:MTA – Free Report) to a strong-buy rating in a report released on Tuesday morning, Zacks.com reports.
Metalla Royalty & Streaming Stock Down 0.3 %
NYSEMKT MTA opened at $3.27 on Tuesday. The stock has a market capitalization of $299.20 million, a price-to-earnings ratio of -32.70 and a beta of 1.68. The stock has a 50-day moving average of $2.95 and a 200 day moving average of $3.01.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. Merk Investments LLC grew its stake in shares of Metalla Royalty & Streaming by 125.0% in the second quarter. Merk Investments LLC now owns 450,000 shares of the company’s stock worth $1,251,000 after acquiring an additional 250,000 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Metalla Royalty & Streaming during the 2nd quarter worth about $234,000. Rathbones Group PLC bought a new position in shares of Metalla Royalty & Streaming during the 2nd quarter worth about $92,000. Perritt Capital Management Inc. acquired a new position in shares of Metalla Royalty & Streaming during the first quarter valued at about $25,000. Finally, Van ECK Associates Corp lifted its stake in shares of Metalla Royalty & Streaming by 20.0% in the first quarter. Van ECK Associates Corp now owns 4,502,603 shares of the company’s stock valued at $14,003,000 after buying an additional 750,503 shares during the period. 17.82% of the stock is owned by institutional investors.
Metalla Royalty & Streaming Company 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.
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