FIL Ltd acquired a new position in Metals Acquisition Limited (NYSE:MTAL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 41,599 shares of the company's stock, valued at approximately $442,000. FIL Ltd owned 0.06% of Metals Acquisition as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Quadrant Capital Group LLC bought a new stake in shares of Metals Acquisition in the 4th quarter worth about $26,000. Signaturefd LLC purchased a new position in shares of Metals Acquisition during the fourth quarter valued at approximately $36,000. FMR LLC purchased a new stake in shares of Metals Acquisition in the third quarter worth approximately $107,000. Orion Portfolio Solutions LLC bought a new stake in shares of Metals Acquisition during the 4th quarter worth approximately $119,000. Finally, Tidal Investments LLC purchased a new position in Metals Acquisition during the 3rd quarter valued at $186,000. 87.47% of the stock is owned by hedge funds and other institutional investors.
Metals Acquisition Price Performance
NYSE:MTAL traded down $0.03 during midday trading on Friday, hitting $8.76. The stock had a trading volume of 344,110 shares, compared to its average volume of 331,630. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average of $9.88 and a 200 day moving average of $11.13. Metals Acquisition Limited has a one year low of $7.69 and a one year high of $15.26.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. 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. BMO Capital Markets began coverage on shares of Metals Acquisition in a report on Wednesday. They set an "outperform" rating and a $11.00 price objective for the company.
Get Our Latest Research Report on Metals Acquisition
Metals Acquisition Profile
(
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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