Bank of America Corp DE lifted its stake in shares of Metals Acquisition Limited (NYSE:MTAL - Free Report) by 95.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,389 shares of the company's stock after acquiring an additional 34,454 shares during the quarter. Bank of America Corp DE owned 0.10% of Metals Acquisition worth $748,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Quadrant Capital Group LLC acquired a new stake in Metals Acquisition during the 4th quarter valued at $26,000. Signaturefd LLC purchased a new position in shares of Metals Acquisition during the fourth quarter valued at $36,000. Orion Portfolio Solutions LLC acquired a new position in Metals Acquisition during the fourth quarter valued at $119,000. Price T Rowe Associates Inc. MD raised its position in Metals Acquisition by 22.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,679 shares of the company's stock valued at $231,000 after buying an additional 4,026 shares during the period. Finally, Invesco Ltd. lifted its stake in Metals Acquisition by 6.5% in the 4th quarter. Invesco Ltd. now owns 25,755 shares of the company's stock worth $274,000 after acquiring an additional 1,576 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.
Metals Acquisition Stock Performance
Shares of NYSE MTAL opened at $12.44 on Monday. The business's 50-day moving average price is $9.71 and its two-hundred day moving average price is $10.52. 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 one year low of $7.69 and a one year high of $14.93.
Wall Street Analyst Weigh In
MTAL has been the topic of several research analyst reports. Scotiabank reaffirmed a "sector perform" rating and set a $13.00 target price on shares of Metals Acquisition in a research note on Tuesday, May 27th. National Bank Financial cut shares of Metals Acquisition from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $12.25 price objective (up from $11.00) on shares of Metals Acquisition in a research report on Tuesday, June 3rd.
Get Our Latest Report on Metals Acquisition
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.
Featured Stories
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