Millennium Management LLC increased its stake in shares of Metals Acquisition Limited (NYSE:MTAL - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,028,073 shares of the company's stock after purchasing an additional 204,439 shares during the quarter. Millennium Management LLC owned approximately 2.74% of Metals Acquisition worth $21,538,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC acquired a new stake in shares of Metals Acquisition during the fourth quarter worth approximately $26,000. Signaturefd LLC acquired a new stake in Metals Acquisition in the fourth quarter valued at approximately $36,000. Orion Portfolio Solutions LLC acquired a new stake in Metals Acquisition in the fourth quarter valued at approximately $119,000. SG Americas Securities LLC lifted its stake in Metals Acquisition by 12.6% in the fourth quarter. SG Americas Securities LLC now owns 19,959 shares of the company's stock valued at $212,000 after acquiring an additional 2,232 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Metals Acquisition by 22.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,679 shares of the company's stock valued at $231,000 after acquiring an additional 4,026 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. BMO Capital Markets assumed coverage on shares of Metals Acquisition in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $11.00 target price for the company. National Bank Financial cut shares of Metals Acquisition from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th.
Read Our Latest Stock Report on Metals Acquisition
Metals Acquisition Trading Up 1.8%
NYSE MTAL traded up $0.18 during trading on Monday, reaching $10.15. The company's stock had a trading volume of 229,938 shares, compared to its average volume of 325,811. 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 business has a 50-day moving average price of $9.34 and a 200-day moving average price of $10.52. Metals Acquisition Limited has a 1-year low of $7.69 and a 1-year high of $15.26.
Metals Acquisition Company 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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