Metalla Royalty & Streaming (NYSEMKT:MTA) Upgraded to Strong-Buy at Ventum Cap Mkts

Metalla Royalty & Streaming (NYSEMKT:MTA) was upgraded by analysts at Ventum Cap Mkts to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports. Ventum Cap Mkts also issued estimates for Metalla Royalty & Streaming’s FY2028 earnings at $0.08 EPS.

Other equities research analysts have also recently issued reports about the stock. Zacks Research upgraded shares of Metalla Royalty & Streaming from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Scotiabank increased their target price on shares of Metalla Royalty & Streaming from $5.00 to $7.50 and gave the company a “sector perform” rating in a research report on Thursday, October 23rd. Finally, National Bankshares reiterated an “outperform” rating on shares of Metalla Royalty & Streaming in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Metalla Royalty & Streaming currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

Metalla Royalty & Streaming Stock Performance

Shares of NYSEMKT MTA opened at $6.27 on Monday. The business has a 50 day moving average of $6.26 and a two-hundred day moving average of $4.56. The stock has a market cap of $580.36 million, a price-to-earnings ratio of -78.38 and a beta of 1.43.

Institutional Trading of Metalla Royalty & Streaming

Hedge funds have recently modified their holdings of the stock. CWM LLC acquired a new position in Metalla Royalty & Streaming during the 3rd quarter worth approximately $25,000. Virtu Financial LLC acquired a new position in Metalla Royalty & Streaming during the 1st quarter worth approximately $49,000. JPMorgan Chase & Co. grew its holdings in Metalla Royalty & Streaming by 42.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,071 shares of the company’s stock worth $54,000 after acquiring an additional 4,171 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Metalla Royalty & Streaming during the 1st quarter worth approximately $63,000. Finally, PFG Investments LLC acquired a new position in Metalla Royalty & Streaming during the 3rd quarter worth approximately $68,000. 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.