Metalla Royalty & Streaming Ltd. $MTA Stock: Global Strategic Management Inc. Grows Stake

Global Strategic Management Inc. raised its holdings in shares of Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTA) by 3.8% during the third quarter, Holdings Channel reports. The fund owned 2,666,083 shares of the company’s stock after buying an additional 96,905 shares during the period. Metalla Royalty & Streaming comprises about 16.9% of Global Strategic Management Inc.’s investment portfolio, making the stock its biggest position. Global Strategic Management Inc.’s holdings in Metalla Royalty & Streaming were worth $25,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Louisbourg Investments Inc. bought a new stake in shares of Metalla Royalty & Streaming in the 1st quarter worth approximately $2,314,000. Renaissance Technologies LLC raised its position in Metalla Royalty & Streaming by 210.2% in the 1st quarter. Renaissance Technologies LLC now owns 451,948 shares of the company’s stock worth $2,996,000 after purchasing an additional 306,248 shares during the period. McAlvany Wealth Management LLC bought a new stake in Metalla Royalty & Streaming in the fourth quarter worth $1,071,000. Arrowstreet Capital Limited Partnership lifted its stake in Metalla Royalty & Streaming by 50.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 254,304 shares of the company’s stock worth $1,641,000 after purchasing an additional 85,201 shares during the last quarter. Finally, Leonteq Securities AG bought a new stake in Metalla Royalty & Streaming in the first quarter worth $431,000. 17.82% of the stock is currently owned by institutional investors.

Metalla Royalty & Streaming Trading Up 4.4%

MTA opened at $8.10 on Friday. The firm has a market capitalization of $761.32 million, a price-to-earnings ratio of -810.00 and a beta of 1.42. Metalla Royalty & Streaming Ltd. has a one year low of $5.95 and a one year high of $11.60. The business has a 50 day simple moving average of $9.81 and a two-hundred day simple moving average of $8.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.50 and a quick ratio of 4.50.

Wall Street Analyst Weigh In

Separately, Scotiabank cut their price target on shares of Metalla Royalty & Streaming from $9.00 to $8.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $8.50.

Metalla Royalty & Streaming Profile

Metalla Royalty & Streaming Ltd. is a precious-metals royalty and streaming company focused primarily on gold and silver assets. Rather than operating mines directly, the company provides capital or acquires interests in mining projects in exchange for future payments, a percentage of metal production or the right to purchase metals at agreed-upon prices.

Metalla’s portfolio includes royalties and streams tied to producing, development-stage and exploration-stage projects. Its interests are located in established mining jurisdictions, including Canada, the United States and Australia, and are operated by third-party mining companies.