Sprott Inc. Increases Stock Holdings in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA)

Sprott Inc. lifted its stake in shares of Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) by 2,927.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 730,174 shares of the company’s stock after acquiring an additional 706,054 shares during the quarter. Sprott Inc.’s holdings in Metalla Royalty & Streaming were worth $1,833,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MTA. Euro Pacific Asset Management LLC boosted its position in shares of Metalla Royalty & Streaming by 6.0% in the 4th quarter. Euro Pacific Asset Management LLC now owns 4,821,920 shares of the company’s stock valued at $12,181,000 after purchasing an additional 270,960 shares during the period. XTX Topco Ltd purchased a new stake in Metalla Royalty & Streaming in the third quarter valued at approximately $129,000. DF Dent & Co. Inc. acquired a new stake in shares of Metalla Royalty & Streaming in the third quarter valued at approximately $77,000. Sentry Investment Management LLC purchased a new position in shares of Metalla Royalty & Streaming during the fourth quarter worth approximately $49,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Metalla Royalty & Streaming in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 17.82% of the company’s stock.

Metalla Royalty & Streaming Trading Down 3.1 %

Shares of NYSEMKT MTA opened at $2.83 on Wednesday. The business’s fifty day moving average is $2.82 and its two-hundred day moving average is $3.04. The firm has a market capitalization of $260.59 million, a P/E ratio of -35.38 and a beta of 1.63.

Wall Street Analyst Weigh In

Separately, Scotiabank reiterated a “sector perform” rating and set a $4.50 price target on shares of Metalla Royalty & Streaming in a research note on Wednesday, January 15th.

Metalla Royalty & Streaming 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.