Stonehage Fleming Financial Services Holdings Ltd Purchases 9,993 Shares of Metalla Royalty & Streaming Ltd. $MTA

Stonehage Fleming Financial Services Holdings Ltd boosted its stake in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) by 95.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,490 shares of the company’s stock after purchasing an additional 9,993 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Metalla Royalty & Streaming were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of MTA. Bank of America Corp DE purchased a new stake in Metalla Royalty & Streaming in the fourth quarter valued at approximately $114,000. Millennium Management LLC raised its stake in Metalla Royalty & Streaming by 77.2% in the fourth quarter. Millennium Management LLC now owns 40,689 shares of the company’s stock valued at $102,000 after purchasing an additional 17,729 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Metalla Royalty & Streaming by 38.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 168,009 shares of the company’s stock valued at $484,000 after purchasing an additional 47,054 shares in the last quarter. LB Partners LLC purchased a new stake in Metalla Royalty & Streaming in the first quarter valued at approximately $103,000. Finally, XTX Topco Ltd purchased a new stake in Metalla Royalty & Streaming in the first quarter valued at approximately $84,000. 17.82% of the stock is owned by hedge funds and other institutional investors.

Metalla Royalty & Streaming Price Performance

MTA stock opened at $6.64 on Friday. The stock has a market capitalization of $614.61 million, a P/E ratio of -83.00 and a beta of 1.43. The business’s 50 day simple moving average is $5.34 and its 200 day simple moving average is $4.05.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. National Bankshares reaffirmed an “outperform” rating on shares of Metalla Royalty & Streaming in a research note on Friday, August 15th. Zacks Research downgraded shares of Metalla Royalty & Streaming from a “hold” rating to a “strong sell” rating in a research note on Friday, October 3rd. Finally, BMO Capital Markets raised shares of Metalla Royalty & Streaming from a “market perform” rating to an “outperform” rating in a research note on Wednesday, June 25th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Metalla Royalty & Streaming currently has an average rating of “Hold” and an average price target of $4.50.

About Metalla Royalty & Streaming

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.