U S Global Investors Inc. Takes Position in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA)

U S Global Investors Inc. acquired a new stake in shares of Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) during the 4th quarter, HoldingsChannel reports. The fund acquired 1,004,949 shares of the company’s stock, valued at approximately $2,522,000.

Other institutional investors also recently bought and sold shares of the company. Euro Pacific Asset Management LLC increased its stake 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 worth $12,181,000 after acquiring an additional 270,960 shares during the last quarter. Sprott Inc. raised its holdings in Metalla Royalty & Streaming by 2,927.3% in the 4th quarter. Sprott Inc. now owns 730,174 shares of the company’s stock valued at $1,833,000 after buying an additional 706,054 shares during the period. XTX Topco Ltd acquired a new position in Metalla Royalty & Streaming in the third quarter valued at about $129,000. DF Dent & Co. Inc. acquired a new stake in shares of Metalla Royalty & Streaming during the third quarter valued at about $77,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of Metalla Royalty & Streaming in the 4th quarter valued at approximately $49,000. 17.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Metalla Royalty & Streaming Trading Down 3.1 %

NYSEMKT:MTA opened at $2.78 on Friday. The stock has a 50 day simple moving average of $2.82 and a two-hundred day simple moving average of $3.04. The firm has a market capitalization of $255.99 million, a P/E ratio of -34.75 and a beta of 1.63.

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.