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

Metalla Royalty & Streaming (NYSEMKT:MTA)‘s stock had its “sector perform” rating reiterated by investment analysts at Scotiabank in a research report issued on Wednesday,Benzinga reports. They presently have a $4.50 target price on the stock. Scotiabank’s price objective indicates a potential upside of 69.17% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group upgraded shares of Metalla Royalty & Streaming to a “strong-buy” rating in a report on Tuesday, October 1st. 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.

Metalla Royalty & Streaming Price Performance

Shares of MTA traded up $0.13 on Wednesday, reaching $2.66. 272,962 shares of the company’s stock were exchanged, compared to its average volume of 353,730. The stock has a market cap of $244.92 million, a PE ratio of -33.25 and a beta of 1.62. The stock’s 50 day simple moving average is $2.84 and its 200 day simple moving average is $3.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in shares of Metalla Royalty & Streaming in the third quarter worth $31,000. DF Dent & Co. Inc. bought a new stake in Metalla Royalty & Streaming during the third quarter worth $77,000. Rathbones Group PLC bought a new stake in Metalla Royalty & Streaming during the second quarter worth $92,000. XTX Topco Ltd bought a new stake in Metalla Royalty & Streaming during the third quarter worth $129,000. Finally, Renaissance Technologies LLC bought a new stake in Metalla Royalty & Streaming during the second quarter worth $234,000. Institutional investors and hedge funds own 17.82% of the company’s stock.

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.