Renaissance Technologies LLC Buys Shares of 84,300 Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA)

Renaissance Technologies LLC purchased a new position in shares of Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 84,300 shares of the company’s stock, valued at approximately $234,000. Renaissance Technologies LLC owned 0.09% of Metalla Royalty & Streaming as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in Metalla Royalty & Streaming in the 1st quarter valued at about $52,000. Van ECK Associates Corp raised its position in shares of Metalla Royalty & Streaming by 20.0% during the 1st quarter. Van ECK Associates Corp now owns 4,502,603 shares of the company’s stock worth $14,003,000 after acquiring an additional 750,503 shares in the last quarter. Perritt Capital Management Inc. purchased a new stake in Metalla Royalty & Streaming during the first quarter worth approximately $25,000. Finally, Rathbones Group PLC purchased a new stake in Metalla Royalty & Streaming during the second quarter worth approximately $92,000. 17.82% of the stock is owned by institutional investors and hedge funds.

Metalla Royalty & Streaming Trading Up 0.6 %

MTA stock opened at $3.60 on Friday. The stock has a market capitalization of $330.30 million, a P/E ratio of -32.73 and a beta of 1.68. The business’s 50 day moving average is $3.01 and its 200-day moving average is $3.03.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Tuesday, October 1st.

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.