Scotiabank Reaffirms Sector Perform Rating for Metalla Royalty & Streaming (NYSEMKT:MTA)

Metalla Royalty & Streaming (NYSEMKT:MTA)‘s stock had its “sector perform” rating restated by analysts at Scotiabank in a research note issued on Wednesday,Benzinga reports. They currently have a $4.50 price target on the stock. Scotiabank’s price target indicates a potential upside of 63.64% from the company’s current price.

MTA has been the topic of a number of other reports. Canaccord Genuity Group raised Metalla Royalty & Streaming to a “strong-buy” rating in a report on Tuesday, October 1st. National Bank Financial initiated coverage on shares of Metalla Royalty & Streaming in a research report on Tuesday, October 22nd. They issued an “outperform” rating for the company.

Metalla Royalty & Streaming Price Performance

Metalla Royalty & Streaming stock opened at $2.75 on Wednesday. The stock’s 50 day simple moving average is $2.83 and its 200-day simple moving average is $3.02. The company has a market capitalization of $253.22 million, a PE ratio of -34.38 and a beta of 1.62.

Institutional Investors Weigh In On Metalla Royalty & Streaming

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in Metalla Royalty & Streaming in the 3rd quarter valued at $31,000. DF Dent & Co. Inc. purchased a new stake in shares of Metalla Royalty & Streaming in the third quarter valued at about $77,000. Rathbones Group PLC purchased a new stake in shares of Metalla Royalty & Streaming in the second quarter valued at about $92,000. XTX Topco Ltd bought a new position in shares of Metalla Royalty & Streaming during the third quarter valued at about $129,000. Finally, Renaissance Technologies LLC purchased a new position in Metalla Royalty & Streaming during the second quarter worth about $234,000. Institutional investors own 17.82% of the company’s stock.

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.