JPMorgan Chase & Co. Invests $31,000 in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA)

JPMorgan Chase & Co. purchased a new stake in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,900 shares of the company’s stock, valued at approximately $31,000.

Other hedge funds also recently modified their holdings of the company. DF Dent & Co. Inc. acquired a new position in shares of Metalla Royalty & Streaming in the 3rd quarter worth approximately $77,000. XTX Topco Ltd acquired a new stake in shares of Metalla Royalty & Streaming in the third quarter valued at $129,000. Renaissance Technologies LLC bought a new position in shares of Metalla Royalty & Streaming in the second quarter valued at about $234,000. Finally, Euro Pacific Asset Management LLC raised its holdings in shares of Metalla Royalty & Streaming by 3.0% in the third quarter. Euro Pacific Asset Management LLC now owns 4,550,960 shares of the company’s stock valued at $14,038,000 after buying an additional 132,131 shares during the last quarter. Institutional investors own 17.82% of the company’s stock.

Metalla Royalty & Streaming Price Performance

NYSEMKT MTA opened at $3.04 on Wednesday. The company has a market capitalization of $279.92 million, a price-to-earnings ratio of -38.00 and a beta of 1.63. The stock’s 50-day moving average price is $2.72 and its two-hundred day moving average price is $3.00.

Wall Street Analysts Forecast Growth

MTA has been the subject of several recent research reports. National Bank Financial initiated coverage on Metalla Royalty & Streaming in a report on Tuesday, October 22nd. They set an “outperform” rating for the company. Scotiabank reissued a “sector perform” rating and set a $4.50 price objective on shares of Metalla Royalty & Streaming in a research note on Wednesday, January 15th.

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.