Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lowered its position in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,448,243 shares of the company’s stock after selling 38,989 shares during the quarter. Van ECK Associates Corp owned 4.85% of Metalla Royalty & Streaming worth $13,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Perritt Capital Management Inc. purchased a new position in shares of Metalla Royalty & Streaming during the 1st quarter valued at approximately $25,000. Rathbones Group PLC bought a new position in Metalla Royalty & Streaming during the 2nd quarter valued at $92,000. Renaissance Technologies LLC acquired a new position in Metalla Royalty & Streaming during the 2nd quarter worth $234,000. Finally, Merk Investments LLC increased its position in shares of Metalla Royalty & Streaming by 125.0% in the 2nd quarter. Merk Investments LLC now owns 450,000 shares of the company’s stock worth $1,251,000 after purchasing an additional 250,000 shares during the last quarter. 17.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Canaccord Genuity Group upgraded Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Tuesday, October 1st. National Bank Financial started coverage on shares of Metalla Royalty & Streaming in a research note on Tuesday, October 22nd. They set an “outperform” rating for the company.

Metalla Royalty & Streaming Stock Up 2.2 %

Shares of NYSEMKT:MTA opened at $3.54 on Wednesday. The company has a 50 day moving average price of $3.33 and a 200 day moving average price of $3.08. The firm has a market capitalization of $324.48 million, a price-to-earnings ratio of -32.14 and a beta of 1.65.

About Metalla Royalty & Streaming

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.