Metals Acquisition Limited (NYSE:MTAL) Shares Purchased by Millennium Management LLC

Millennium Management LLC raised its holdings in Metals Acquisition Limited (NYSE:MTAL - Free Report) by 11.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,028,073 shares of the company's stock after acquiring an additional 204,439 shares during the period. Millennium Management LLC owned 2.74% of Metals Acquisition worth $21,538,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Glencore plc acquired a new stake in shares of Metals Acquisition during the 4th quarter worth $106,200,000. JPMorgan Chase & Co. increased its holdings in shares of Metals Acquisition by 70.7% during the 4th quarter. JPMorgan Chase & Co. now owns 112,771 shares of the company's stock worth $1,198,000 after buying an additional 46,701 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Metals Acquisition by 58.5% during the 4th quarter. American Century Companies Inc. now owns 906,421 shares of the company's stock worth $9,626,000 after buying an additional 334,505 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Metals Acquisition by 6.5% during the 4th quarter. Invesco Ltd. now owns 25,755 shares of the company's stock worth $274,000 after buying an additional 1,576 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Metals Acquisition by 12.6% during the 4th quarter. SG Americas Securities LLC now owns 19,959 shares of the company's stock worth $212,000 after buying an additional 2,232 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Metals Acquisition Price Performance

Shares of Metals Acquisition stock opened at $9.98 on Wednesday. The company has a fifty day moving average price of $9.40 and a 200 day moving average price of $10.61. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. Metals Acquisition Limited has a twelve month low of $7.69 and a twelve month high of $15.26.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. National Bank Financial downgraded Metals Acquisition from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. BMO Capital Markets initiated coverage on shares of Metals Acquisition in a research report on Wednesday, April 16th. They set an "outperform" rating and a $11.00 price target for the company.

Metals Acquisition Company 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.

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