Euro Pacific Asset Management LLC Boosts Stake in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA)

Euro Pacific Asset Management LLC raised its position in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,821,920 shares of the company’s stock after purchasing an additional 270,960 shares during the quarter. Metalla Royalty & Streaming accounts for approximately 2.6% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 14th largest holding. Euro Pacific Asset Management LLC owned about 0.05% of Metalla Royalty & Streaming worth $12,181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in Metalla Royalty & Streaming during the 3rd quarter worth $31,000. DF Dent & Co. Inc. acquired a new position in shares of Metalla Royalty & Streaming during the third quarter worth about $77,000. XTX Topco Ltd acquired a new position in shares of Metalla Royalty & Streaming during the third quarter worth about $129,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Metalla Royalty & Streaming in the second quarter worth about $234,000. 17.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MTA shares. Scotiabank reiterated a “sector perform” rating and set a $4.50 target price on shares of Metalla Royalty & Streaming in a report on Wednesday, January 15th. Canaccord Genuity Group upgraded shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, National Bank Financial started coverage on shares of Metalla Royalty & Streaming in a research note on Tuesday, October 22nd. They issued an “outperform” rating for the company.

Metalla Royalty & Streaming Stock Performance

Shares of NYSEMKT MTA opened at $2.80 on Friday. The stock’s 50-day simple moving average is $2.76 and its 200-day simple moving average is $3.01.

Metalla Royalty & Streaming 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.