XTX Topco Ltd Makes New Investment in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA)

XTX Topco Ltd purchased a new position in Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 29,237 shares of the company’s stock, valued at approximately $84,000.

A number of other institutional investors have also bought and sold shares of the business. Merk Investments LLC grew its position in shares of Metalla Royalty & Streaming by 34.6% during the fourth quarter. Merk Investments LLC now owns 3,000,000 shares of the company’s stock valued at $7,530,000 after purchasing an additional 771,189 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Metalla Royalty & Streaming during the fourth quarter valued at about $874,000. Renaissance Technologies LLC grew its position in shares of Metalla Royalty & Streaming by 200.3% during the fourth quarter. Renaissance Technologies LLC now owns 263,091 shares of the company’s stock valued at $660,000 after purchasing an additional 175,491 shares in the last quarter. Two Sigma Investments LP grew its position in shares of Metalla Royalty & Streaming by 58.5% during the fourth quarter. Two Sigma Investments LP now owns 232,409 shares of the company’s stock valued at $583,000 after purchasing an additional 85,815 shares in the last quarter. Finally, Eagle Global Advisors LLC purchased a new position in shares of Metalla Royalty & Streaming during the fourth quarter valued at about $200,000. Hedge funds and other institutional investors own 17.82% of the company’s stock.

Metalla Royalty & Streaming Trading Down 1.9%

Shares of NYSEMKT:MTA opened at $4.23 on Friday. The firm has a 50 day simple moving average of $3.96 and a 200-day simple moving average of $3.32. The company has a market cap of $391.43 million, a P/E ratio of -52.88 and a beta of 1.44.

Analyst Ratings Changes

MTA has been the subject of a number of research analyst reports. BMO Capital Markets upgraded Metalla Royalty & Streaming from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 25th. National Bankshares reaffirmed an “outperform” rating on shares of Metalla Royalty & Streaming in a report on Friday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $4.50.

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.