Metalla Royalty & Streaming (NYSEMKT:MTA) Earns “Sector Perform” Rating from Scotiabank

Metalla Royalty & Streaming (NYSEMKT:MTA)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Scotiabank in a research report issued on Wednesday,Benzinga reports. They presently have a $4.50 price objective on the stock. Scotiabank’s target price would indicate a potential upside of 63.64% from the company’s current price.

MTA has been the subject of a number of other research reports. National Bank Financial started coverage on shares of Metalla Royalty & Streaming in a report on Tuesday, October 22nd. They set an “outperform” rating for the company. Canaccord Genuity Group raised shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Tuesday, October 1st.

Metalla Royalty & Streaming Trading Up 1.1 %

Shares of Metalla Royalty & Streaming stock opened at $2.75 on Wednesday. The stock has a market cap of $253.22 million, a price-to-earnings ratio of -34.38 and a beta of 1.62. The company’s 50-day simple moving average is $2.83 and its two-hundred day simple moving average is $3.02.

Institutional Investors Weigh In On Metalla Royalty & Streaming

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in Metalla Royalty & Streaming during the 3rd quarter valued at $31,000. DF Dent & Co. Inc. bought a new stake in shares of Metalla Royalty & Streaming during the 3rd quarter valued at $77,000. Rathbones Group PLC purchased a new stake in Metalla Royalty & Streaming during the 2nd quarter worth about $92,000. XTX Topco Ltd bought a new position in Metalla Royalty & Streaming in the 3rd quarter worth about $129,000. Finally, Renaissance Technologies LLC purchased a new position in Metalla Royalty & Streaming during the 2nd quarter valued at about $234,000. 17.82% of the stock is currently owned by institutional investors.

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.