Metalla Royalty & Streaming (NYSEMKT:MTA) Coverage Initiated at National Bank Financial

National Bank Financial started coverage on shares of Metalla Royalty & Streaming (NYSEMKT:MTA) in a report published on Tuesday, Marketbeat.com reports. The firm issued an outperform rating on the stock.

Separately, Canaccord Genuity Group upgraded shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research note on Tuesday, October 1st.

Metalla Royalty & Streaming Price Performance

Shares of NYSEMKT:MTA opened at $3.79 on Tuesday. The stock’s 50 day moving average is $3.19 and its two-hundred day moving average is $3.05. The firm has a market cap of $346.78 million, a price-to-earnings ratio of -37.60 and a beta of 1.68.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Perritt Capital Management Inc. acquired a new position in Metalla Royalty & Streaming in the first quarter valued at $25,000. Sunbelt Securities Inc. acquired a new position in Metalla Royalty & Streaming in the first quarter valued at $52,000. Rathbones Group PLC acquired a new position in shares of Metalla Royalty & Streaming during the second quarter worth about $92,000. Renaissance Technologies LLC acquired a new position in shares of Metalla Royalty & Streaming during the second quarter worth about $234,000. Finally, Merk Investments LLC increased its stake in shares of Metalla Royalty & Streaming by 125.0% during 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 period. 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.