Hillsdale Investment Management Inc. Buys Shares of 66,600 Metalla Royalty & Streaming Ltd. $MTA

Hillsdale Investment Management Inc. acquired a new position in shares of Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 66,600 shares of the company’s stock, valued at approximately $255,000.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Metalla Royalty & Streaming by 42.1% in the second quarter. JPMorgan Chase & Co. now owns 14,071 shares of the company’s stock valued at $54,000 after buying an additional 4,171 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd increased its position in Metalla Royalty & Streaming by 95.2% in the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 20,490 shares of the company’s stock worth $79,000 after purchasing an additional 9,993 shares during the period. Euro Pacific Asset Management LLC raised its stake in shares of Metalla Royalty & Streaming by 11.8% during the second quarter. Euro Pacific Asset Management LLC now owns 5,657,905 shares of the company’s stock worth $21,720,000 after buying an additional 596,472 shares during the last quarter. Jane Street Group LLC raised its position in shares of Metalla Royalty & Streaming by 30.5% during the 1st quarter. Jane Street Group LLC now owns 25,846 shares of the company’s stock valued at $74,000 after acquiring an additional 6,040 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Metalla Royalty & Streaming in the first quarter valued at about $63,000. 17.82% of the stock is currently owned by institutional investors and hedge funds.

Metalla Royalty & Streaming Trading Up 5.2%

NYSEMKT MTA opened at $6.89 on Tuesday. The business’s 50-day simple moving average is $6.60 and its 200 day simple moving average is $4.92. The company has a market cap of $637.75 million, a PE ratio of -86.13 and a beta of 1.43.

Analysts Set New Price Targets

MTA has been the topic of several recent analyst reports. National Bankshares reissued an “outperform” rating on shares of Metalla Royalty & Streaming in a research note on Friday, August 15th. Zacks Research upgraded shares of Metalla Royalty & Streaming from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Scotiabank lifted their price target on shares of Metalla Royalty & Streaming from $5.00 to $7.50 and gave the stock a “sector perform” rating in a research report on Thursday, October 23rd. Finally, Ventum Cap Mkts upgraded shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.50.

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.