Farallon Capital Management LLC trimmed its stake in shares of Metals Acquisition Limited (NYSE:MTAL - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,901 shares of the company's stock after selling 79,296 shares during the quarter. Farallon Capital Management LLC owned approximately 0.45% of Metals Acquisition worth $3,514,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in MTAL. Quadrant Capital Group LLC bought a new stake in shares of Metals Acquisition in the 4th quarter valued at $26,000. Signaturefd LLC bought a new stake in shares of Metals Acquisition in the 4th quarter valued at $36,000. Orion Portfolio Solutions LLC bought a new stake in shares of Metals Acquisition in the 4th quarter valued at $119,000. Tidal Investments LLC bought a new stake in shares of Metals Acquisition in the 3rd quarter valued at $186,000. Finally, SG Americas Securities LLC boosted its stake in shares of Metals Acquisition by 12.6% in the 4th quarter. SG Americas Securities LLC now owns 19,959 shares of the company's stock valued at $212,000 after purchasing an additional 2,232 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on MTAL. BMO Capital Markets initiated coverage on shares of Metals Acquisition in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $11.00 price objective on the stock. National Bank Financial lowered shares of Metals Acquisition from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th.
Read Our Latest Report on MTAL
Metals Acquisition Stock Up 0.8%
Shares of MTAL stock traded up $0.08 on Friday, hitting $9.63. The stock had a trading volume of 356,873 shares, compared to its average volume of 324,143. The business has a 50 day moving average of $9.41 and a 200 day moving average of $10.72. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.84. Metals Acquisition Limited has a 12-month low of $7.69 and a 12-month 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.
Further Reading
Before you consider Metals Acquisition, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Metals Acquisition wasn't on the list.
While Metals Acquisition currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
