HighTower Advisors LLC Sells 6,500 Shares of Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA)

HighTower Advisors LLC decreased its holdings in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) by 24.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,108 shares of the company’s stock after selling 6,500 shares during the period. HighTower Advisors LLC’s holdings in Metalla Royalty & Streaming were worth $63,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rathbones Group PLC bought a new stake in shares of Metalla Royalty & Streaming during the second quarter worth $92,000. Renaissance Technologies LLC acquired a new stake in shares of Metalla Royalty & Streaming during the 2nd quarter valued at $234,000. Merk Investments LLC grew its position in Metalla Royalty & Streaming by 125.0% during the 2nd quarter. Merk Investments LLC now owns 450,000 shares of the company’s stock worth $1,251,000 after acquiring an additional 250,000 shares during the last quarter. Finally, Euro Pacific Asset Management LLC increased its holdings in Metalla Royalty & Streaming by 3.0% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 4,550,960 shares of the company’s stock worth $14,038,000 after purchasing an additional 132,131 shares in the last quarter. Institutional investors and hedge funds own 17.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MTA shares. National Bank Financial began coverage on shares of Metalla Royalty & Streaming in a research note on Tuesday, October 22nd. They set an “outperform” rating for the company. Canaccord Genuity Group raised Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Tuesday, October 1st.

Metalla Royalty & Streaming Stock Up 3.5 %

MTA stock opened at $2.63 on Friday. The stock’s 50-day moving average is $3.14 and its 200-day moving average is $3.05. The company has a market cap of $241.65 million, a PE ratio of -32.88 and a beta of 1.59.

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.