Metalla Royalty & Streaming (NYSEMKT:MTA) Raised to “Strong-Buy” at Canaccord Genuity Group

Metalla Royalty & Streaming (NYSEMKT:MTA) was upgraded by investment analysts at Canaccord Genuity Group to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

Metalla Royalty & Streaming Price Performance

MTA opened at $3.29 on Tuesday. The firm has a 50-day simple moving average of $2.94 and a 200 day simple moving average of $3.01. The firm has a market cap of $301.03 million, a price-to-earnings ratio of -32.90 and a beta of 1.68.

Institutional Trading of Metalla Royalty & Streaming

Institutional investors have recently made changes to their positions in the business. Perritt Capital Management Inc. bought a new position in shares of Metalla Royalty & Streaming during the 1st quarter worth approximately $25,000. Sunbelt Securities Inc. acquired a new stake in shares of Metalla Royalty & Streaming in the 1st quarter valued at $52,000. Rathbones Group PLC bought a new stake in shares of Metalla Royalty & Streaming in the 2nd quarter worth about $92,000. Renaissance Technologies LLC acquired a new stake in shares of Metalla Royalty & Streaming during the 2nd quarter worth about $234,000. Finally, Merk Investments LLC lifted its holdings in Metalla Royalty & Streaming by 125.0% during the 2nd quarter. Merk Investments LLC now owns 450,000 shares of the company’s stock valued at $1,251,000 after purchasing an additional 250,000 shares during the last quarter. 17.82% of the stock is currently owned by institutional investors and hedge funds.

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.