American Century Companies Inc. Has $1.18 Million Stock Position in MAC Copper Limited $MTAL

Key Points

• American Century Companies Inc. significantly reduced its holdings in MAC Copper Limited by 86.3%, owning approximately 123,832 shares after selling 782,589 shares in the first quarter.
• Various institutional investors have increased their stakes in MAC Copper, with ProShare Advisors LLC raising its investment by 49.0% during the fourth quarter.
• Wall Street analysts have mostly rated MAC Copper as a "Hold," with a consensus price target of $12.63 per share, following downgrades and updated ratings from multiple firms.

American Century Companies Inc. reduced its holdings in MAC Copper Limited (NYSE:MTAL - Free Report) by 86.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 123,832 shares of the company's stock after selling 782,589 shares during the quarter. American Century Companies Inc. owned approximately 0.15% of MAC Copper worth $1,181,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. ProShare Advisors LLC grew its holdings in MAC Copper by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 15,170 shares of the company's stock worth $161,000 after buying an additional 4,990 shares in the last quarter. Tidal Investments LLC grew its holdings in MAC Copper by 33.6% in the 4th quarter. Tidal Investments LLC now owns 17,982 shares of the company's stock worth $191,000 after buying an additional 4,524 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in MAC Copper by 22.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,679 shares of the company's stock worth $231,000 after buying an additional 4,026 shares in the last quarter. Squarepoint Ops LLC bought a new position in MAC Copper in the 4th quarter worth approximately $235,000. Finally, XTX Topco Ltd bought a new stake in shares of MAC Copper during the 1st quarter worth about $249,000. 87.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MTAL has been the topic of a number of recent analyst reports. BMO Capital Markets restated a "market perform" rating and set a $12.25 price target (up from $11.00) on shares of MAC Copper in a research report on Tuesday, June 3rd. Scotiabank restated a "sector perform" rating and set a $13.00 price target on shares of MAC Copper in a research report on Tuesday, May 27th. Finally, Canaccord Genuity Group downgraded shares of MAC Copper from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 11th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $12.63.

MAC Copper Trading Down 0.0%

Shares of NYSE:MTAL traded down $0.01 on Friday, reaching $12.16. 543,851 shares of the company traded hands, compared to its average volume of 1,020,410. MAC Copper Limited has a fifty-two week low of $7.69 and a fifty-two week high of $14.31. The company's 50 day moving average is $12.09 and its 200-day moving average is $10.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.58 and a quick ratio of 0.45.

MAC Copper Profile

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.