Metalla Royalty & Streaming (NYSEAMERICAN:MTA) Stock Price Down 8.5% – Time to Sell?

Shares of Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTA) fell 8.5% on Friday . The company traded as low as $6.80 and last traded at $6.81. 471,464 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 384,907 shares. The stock had previously closed at $7.44.

Analyst Upgrades and Downgrades

Separately, Scotiabank reissued a “sector perform” rating on shares of Metalla Royalty & Streaming in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Metalla Royalty & Streaming Stock Performance

The business has a fifty day simple moving average of $7.12 and a two-hundred day simple moving average of $7.49. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.05. The company has a market cap of $636.33 million, a P/E ratio of -170.25 and a beta of 1.28.

Institutional Trading of Metalla Royalty & Streaming

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Euro Pacific Asset Management LLC increased its position in Metalla Royalty & Streaming by 0.9% in the fourth quarter. Euro Pacific Asset Management LLC now owns 5,742,309 shares of the company’s stock worth $43,499,000 after buying an additional 48,724 shares in the last quarter. Global Strategic Management Inc. purchased a new stake in Metalla Royalty & Streaming in the fourth quarter worth about $16,183,000. U S Global Investors Inc. increased its position in Metalla Royalty & Streaming by 75.9% in the fourth quarter. U S Global Investors Inc. now owns 1,432,510 shares of the company’s stock worth $11,145,000 after buying an additional 617,923 shares in the last quarter. Sprott Inc. increased its position in Metalla Royalty & Streaming by 91.8% in the fourth quarter. Sprott Inc. now owns 1,415,520 shares of the company’s stock worth $11,013,000 after buying an additional 677,311 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in Metalla Royalty & Streaming by 1,657.8% in the fourth quarter. Mackenzie Financial Corp now owns 731,231 shares of the company’s stock worth $5,557,000 after buying an additional 689,631 shares in the last quarter. Hedge funds and other institutional investors own 17.82% of the company’s stock.

About Metalla Royalty & Streaming

Metalla Royalty & Streaming Ltd. is a Canada‐based precious metals royalty and streaming company focused on acquiring and managing royalties and streams on mineral properties. Headquartered in Vancouver, British Columbia, the firm provides financing to mining operators by purchasing royalty and stream interests that grant it a share of future metal production or revenues. These non‐dilutive arrangements enable Metalla to participate in the upside of mining projects without the operational risks associated with direct mine ownership.

The company’s portfolio spans a broad range of precious and battery metals, including gold, silver, copper, nickel and cobalt.