Van ECK Associates Corp Trims Stake in Metalla Royalty & Streaming Ltd. $MTA

Van ECK Associates Corp lowered its holdings in Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTA) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,663,140 shares of the company’s stock after selling 93,050 shares during the period. Van ECK Associates Corp owned approximately 2.88% of Metalla Royalty & Streaming worth $16,911,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. CWM LLC purchased a new position in shares of Metalla Royalty & Streaming during the third quarter worth about $25,000. JPMorgan Chase & Co. raised its stake in Metalla Royalty & Streaming by 42.1% in the second quarter. JPMorgan Chase & Co. now owns 14,071 shares of the company’s stock valued at $54,000 after purchasing an additional 4,171 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Metalla Royalty & Streaming during the first quarter valued at approximately $63,000. PFG Investments LLC bought a new stake in Metalla Royalty & Streaming during the third quarter valued at approximately $68,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Metalla Royalty & Streaming in the 3rd quarter worth approximately $73,000. Institutional investors own 17.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Scotiabank restated a “sector perform” rating on shares of Metalla Royalty & Streaming in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Metalla Royalty & Streaming currently has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Metalla Royalty & Streaming Price Performance

Shares of Metalla Royalty & Streaming stock traded down $0.32 during trading on Friday, hitting $7.90. 113,482 shares of the stock traded hands, compared to its average volume of 537,301. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.05. The stock has a market cap of $738.08 million, a price-to-earnings ratio of -263.30 and a beta of 1.26. The firm’s fifty day moving average is $8.16 and its 200-day moving average is $7.22. Metalla Royalty & Streaming Ltd. has a 52 week low of $2.53 and a 52 week high of $9.25.

Metalla Royalty & Streaming Company Profile

Metalla Royalty & Streaming Ltd. is a Canada‐based precious metals royalty and streaming company focused on acquiring and managing royalties and streams on mineral properties. Headquartered in Vancouver, British Columbia, the firm provides financing to mining operators by purchasing royalty and stream interests that grant it a share of future metal production or revenues. These non‐dilutive arrangements enable Metalla to participate in the upside of mining projects without the operational risks associated with direct mine ownership.

The company’s portfolio spans a broad range of precious and battery metals, including gold, silver, copper, nickel and cobalt.