U S Global Investors Inc. Makes New Investment in Metalla Royalty & Streaming Ltd. $MTA

U S Global Investors Inc. acquired a new stake in shares of Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 814,587 shares of the company’s stock, valued at approximately $5,173,000.

A number of other hedge funds have also modified their holdings of the stock. CWM LLC bought a new position in shares of Metalla Royalty & Streaming during the 3rd quarter worth approximately $25,000. JPMorgan Chase & Co. raised its stake in Metalla Royalty & Streaming by 42.1% during the second quarter. JPMorgan Chase & Co. now owns 14,071 shares of the company’s stock worth $54,000 after acquiring an additional 4,171 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in shares of Metalla Royalty & Streaming by 95.2% during the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 20,490 shares of the company’s stock valued at $79,000 after acquiring an additional 9,993 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Metalla Royalty & Streaming during the first quarter valued at $63,000. Finally, Jane Street Group LLC boosted its stake in shares of Metalla Royalty & Streaming by 30.5% in the 1st quarter. Jane Street Group LLC now owns 25,846 shares of the company’s stock valued at $74,000 after purchasing an additional 6,040 shares in the last quarter. 17.82% of the stock is owned by institutional investors and hedge funds.

Metalla Royalty & Streaming Trading Down 0.4%

Shares of NYSEMKT:MTA opened at $7.75 on Friday. The company has a market cap of $719.15 million, a price-to-earnings ratio of -96.88 and a beta of 1.40. The stock’s 50 day moving average is $7.30 and its 200-day moving average is $5.83.

Wall Street Analysts Forecast Growth

MTA has been the subject of a number of recent analyst reports. Scotiabank increased their target price on shares of Metalla Royalty & Streaming from $5.00 to $7.50 and gave the stock a “sector perform” rating in a research report on Thursday, October 23rd. Ventum Cap Mkts raised shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Zacks Research raised shares of Metalla Royalty & Streaming from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.50.

Metalla Royalty & Streaming 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.