MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of MAC Copper Limited (NYSE:MTAL - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,914,921 shares of the company's stock after acquiring an additional 49,499 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.32% of MAC Copper worth $18,268,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC lifted its stake in shares of MAC Copper by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 15,170 shares of the company's stock valued at $161,000 after purchasing an additional 4,990 shares during the period. Tidal Investments LLC lifted its stake in shares of MAC Copper by 33.6% in the 4th 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 period. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 valued at $231,000 after purchasing an additional 4,026 shares during the period. Squarepoint Ops LLC acquired a new position in shares of MAC Copper in the 4th quarter valued at $235,000. Finally, XTX Topco Ltd acquired a new position in shares of MAC Copper in the 1st quarter valued at $249,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.
MAC Copper Trading Down 0.2%
Shares of MTAL stock traded down $0.03 on Friday, hitting $12.19. 368,247 shares of the stock traded hands, compared to its average volume of 1,115,884. The firm's 50-day moving average price is $12.10 and its two-hundred day moving average price is $10.95. The company has a current ratio of 0.58, a quick ratio of 0.45 and a debt-to-equity ratio of 0.68. MAC Copper Limited has a twelve month low of $7.69 and a twelve month high of $14.31.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on MTAL shares. BMO Capital Markets reiterated a "market perform" rating and issued a $12.25 target price (up from $11.00) on shares of MAC Copper in a research note on Tuesday, June 3rd. Scotiabank reissued a "sector perform" rating and issued a $13.00 price target on shares of MAC Copper in a report on Tuesday, May 27th. Finally, Canaccord Genuity Group lowered shares of MAC Copper from a "strong-buy" rating to a "hold" rating in a report on Friday, July 11th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.63.
Get Our Latest Report on MTAL
About MAC Copper
(
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.
Read More
Before you consider MAC Copper, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MAC Copper wasn't on the list.
While MAC Copper currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
