Analysts Set Expectations for MAC Copper FY2025 Earnings

Key Points

• Analysts at National Bank Financial raised their FY2025 earnings per share estimate for MAC Copper to $0.86, an increase from a previous estimate of $0.84.
• BMO Capital Markets has upgraded its target price for MAC Copper shares to $12.25 while Canaccord Genuity downgraded the stock from "strong-buy" to "hold."
• MAC Copper's current consensus rating is "Hold," with an average price target of $12.63, reflecting cautious optimism among investment analysts.

MAC Copper Limited (NYSE:MTAL - Free Report) - Analysts at National Bank Financial raised their FY2025 earnings per share estimates for shares of MAC Copper in a research note issued on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.86 per share for the year, up from their previous estimate of $0.84. The consensus estimate for MAC Copper's current full-year earnings is $0.16 per share.

A number of other research firms also recently weighed in on MTAL. BMO Capital Markets reaffirmed a "market perform" rating and issued a $12.25 target price (up from $11.00) on shares of MAC Copper in a research report on Tuesday, June 3rd. Canaccord Genuity Group downgraded MAC Copper from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 11th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, MAC Copper currently has a consensus rating of "Hold" and an average price target of $12.63.

MAC Copper Stock Up 0.0%

NYSE MTAL opened at $12.21 on Friday. The stock's 50 day moving average is $12.13 and its 200 day moving average is $11.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.45 and a current ratio of 0.58. MAC Copper has a twelve month low of $7.69 and a twelve month high of $14.31.

Institutional Investors Weigh In On MAC Copper

Several institutional investors have recently modified their holdings of MTAL. Bank of America Corp DE raised its position in MAC Copper by 95.9% in the 4th quarter. Bank of America Corp DE now owns 70,389 shares of the company's stock worth $748,000 after buying an additional 34,454 shares during the last quarter. XTX Topco Ltd bought a new position in MAC Copper during the first quarter valued at approximately $249,000. Dynamic Technology Lab Private Ltd purchased a new stake in MAC Copper in the first quarter worth approximately $287,000. Fourth Sail Capital LP boosted its holdings in MAC Copper by 1.0% in the first quarter. Fourth Sail Capital LP now owns 5,185,005 shares of the company's stock worth $49,465,000 after purchasing an additional 49,862 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in MAC Copper in the 1st quarter worth approximately $791,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

About MAC Copper

Metals Acquisition Limited focuses on mining and production of copper and silver. It operates the CSA copper mine in Cobar, Australia. The company was incorporated in 2022 and is headquartered in Saint Helier, Jersey.

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