ExodusPoint Capital Management LP reduced its position in Metals Acquisition Limited (NYSE:MTAL - Free Report) by 47.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 44,284 shares of the company's stock after selling 39,460 shares during the period. ExodusPoint Capital Management LP owned about 0.06% of Metals Acquisition worth $470,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of MTAL. FMR LLC bought a new position in Metals Acquisition during the 3rd quarter worth $107,000. State Street Corp lifted its stake in Metals Acquisition by 28.7% during the third quarter. State Street Corp now owns 698,943 shares of the company's stock worth $9,680,000 after purchasing an additional 156,022 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Metals Acquisition by 799.1% in the 3rd quarter. Wellington Management Group LLP now owns 909,588 shares of the company's stock valued at $12,598,000 after purchasing an additional 808,418 shares during the last quarter. Barclays PLC lifted its position in shares of Metals Acquisition by 286.6% during the 3rd quarter. Barclays PLC now owns 72,260 shares of the company's stock worth $1,000,000 after buying an additional 53,567 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Metals Acquisition during the third quarter worth about $186,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on MTAL. BMO Capital Markets initiated coverage on Metals Acquisition in a research note on Wednesday. They issued an "outperform" rating and a $11.00 price target on the stock. Scotiabank decreased their target price on Metals Acquisition from $16.00 to $14.50 and set a "sector outperform" rating for the company in a research report on Monday, January 6th.
Check Out Our Latest Research Report on Metals Acquisition
Metals Acquisition Stock Down 0.3 %
Metals Acquisition stock traded down $0.03 during midday trading on Friday, hitting $8.76. 344,110 shares of the company's stock were exchanged, compared to its average volume of 330,747. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.69. The stock has a 50-day moving average price of $9.93 and a two-hundred day moving average price of $11.17. Metals Acquisition Limited has a 52-week low of $7.69 and a 52-week high of $15.26.
About Metals Acquisition
(
Free Report)
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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