Metalla Royalty & Streaming Ltd. $MTA Stock Bought by Global Strategic Management Inc.

Global Strategic Management Inc. grew its stake in Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTA) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,666,083 shares of the company’s stock after purchasing an additional 96,905 shares during the quarter. Metalla Royalty & Streaming makes up approximately 16.9% of Global Strategic Management Inc.’s investment portfolio, making the stock its largest holding. Global Strategic Management Inc. owned approximately 2.84% of Metalla Royalty & Streaming worth $25,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in shares of Metalla Royalty & Streaming by 61.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,412 shares of the company’s stock worth $32,000 after purchasing an additional 1,294 shares in the last quarter. Banque Cantonale Vaudoise increased its stake in shares of Metalla Royalty & Streaming by 39.9% in the first quarter. Banque Cantonale Vaudoise now owns 5,707 shares of the company’s stock valued at $38,000 after buying an additional 1,627 shares during the period. PFG Investments LLC raised its stake in shares of Metalla Royalty & Streaming by 19.0% during the first quarter. PFG Investments LLC now owns 14,170 shares of the company’s stock valued at $94,000 after acquiring an additional 2,260 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Metalla Royalty & Streaming by 23.8% in the 1st quarter. Cetera Investment Advisers now owns 36,748 shares of the company’s stock valued at $244,000 after buying an additional 7,067 shares during the last quarter. Finally, Eclectic Associates Inc. ADV bought a new stake in Metalla Royalty & Streaming in the third quarter valued at approximately $94,000. 17.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Scotiabank reduced their price objective on shares of Metalla Royalty & Streaming from $9.00 to $8.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $8.50.

Metalla Royalty & Streaming Stock Performance

Shares of MTA opened at $8.10 on Friday. The stock’s 50-day simple moving average is $9.81 and its 200 day simple moving average is $8.10. The stock has a market capitalization of $761.32 million, a price-to-earnings ratio of -810.00 and a beta of 1.42. Metalla Royalty & Streaming Ltd. has a 52-week low of $5.95 and a 52-week high of $11.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.50 and a current ratio of 4.50.

Metalla Royalty & Streaming Profile

Metalla Royalty & Streaming Ltd. is a precious-metals royalty and streaming company focused primarily on gold and silver assets. Rather than operating mines directly, the company provides capital or acquires interests in mining projects in exchange for future payments, a percentage of metal production or the right to purchase metals at agreed-upon prices.

Metalla’s portfolio includes royalties and streams tied to producing, development-stage and exploration-stage projects. Its interests are located in established mining jurisdictions, including Canada, the United States and Australia, and are operated by third-party mining companies.