JPMorgan Chase & Co. Invests $31,000 in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA)

JPMorgan Chase & Co. bought a new position in shares of Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 9,900 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTA. DF Dent & Co. Inc. acquired a new stake in shares of Metalla Royalty & Streaming during the 3rd quarter worth $77,000. XTX Topco Ltd acquired a new position in Metalla Royalty & Streaming during the third quarter valued at approximately $129,000. Renaissance Technologies LLC acquired a new position in shares of Metalla Royalty & Streaming during the 2nd quarter worth $234,000. Finally, Euro Pacific Asset Management LLC boosted its stake in Metalla Royalty & Streaming by 3.0% in the third quarter. Euro Pacific Asset Management LLC now owns 4,550,960 shares of the company’s stock valued at $14,038,000 after buying an additional 132,131 shares in the last quarter. 17.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MTA shares. National Bank Financial assumed coverage on shares of Metalla Royalty & Streaming in a report on Tuesday, October 22nd. They set an “outperform” rating on the stock. Scotiabank reissued a “sector perform” rating and set a $4.50 target price on shares of Metalla Royalty & Streaming in a report on Wednesday, January 15th.

Metalla Royalty & Streaming Stock Performance

Shares of NYSEMKT:MTA opened at $3.04 on Wednesday. The company has a market cap of $279.92 million, a price-to-earnings ratio of -38.00 and a beta of 1.63. The stock’s 50-day moving average is $2.72 and its two-hundred day moving average is $3.00.

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.