Squarepoint Ops LLC bought a new position in shares of Metals Acquisition Limited (NYSE:MTAL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,120 shares of the company's stock, valued at approximately $235,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quadrant Capital Group LLC purchased a new stake in Metals Acquisition during the fourth quarter worth $26,000. Signaturefd LLC purchased a new position in Metals Acquisition in the 4th quarter worth $36,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Metals Acquisition during the fourth quarter worth about $119,000. ProShare Advisors LLC lifted its stake in Metals Acquisition by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 15,170 shares of the company's stock valued at $161,000 after acquiring an additional 4,990 shares during the period. Finally, Tidal Investments LLC boosted its holdings in Metals Acquisition by 33.6% in the fourth quarter. Tidal Investments LLC now owns 17,982 shares of the company's stock valued at $191,000 after purchasing an additional 4,524 shares during the last quarter. Institutional investors own 87.47% of the company's stock.
Metals Acquisition Stock Performance
Shares of MTAL stock traded down $0.14 during trading hours on Monday, reaching $12.27. The company had a trading volume of 263,120 shares, compared to its average volume of 358,754. Metals Acquisition Limited has a 12-month low of $7.69 and a 12-month high of $14.93. 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 fifty day moving average of $9.71 and a 200-day moving average of $10.52.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. National Bank Financial downgraded shares of Metals Acquisition from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Scotiabank restated a "sector perform" rating and issued a $13.00 price target on shares of Metals Acquisition in a research note on Tuesday, May 27th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $12.25 price target (up previously from $11.00) on shares of Metals Acquisition in a report on Tuesday, June 3rd.
View Our Latest Analysis on MTAL
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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