MAC Copper Limited $MTAL Shares Bought by Mudita Advisors LLP

Key Points

• Mudita Advisors LLP has increased its stake in MAC Copper Limited by 38.3% during the first quarter, holding 435,400 shares now valued at approximately $4.15 million.
• Several institutional investors, including ProShare Advisors LLC and Tidal Investments LLC, have also significantly increased their positions in MAC Copper, which currently has an institutional ownership of 87.47%.
• Research analysts have given MAC Copper an average rating of "Hold" with a target price of $12.63, with BMO Capital Markets recently raising its price target to $12.25.

Mudita Advisors LLP grew its position in MAC Copper Limited (NYSE:MTAL - Free Report) by 38.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 435,400 shares of the company's stock after acquiring an additional 120,600 shares during the quarter. MAC Copper comprises approximately 2.1% of Mudita Advisors LLP's portfolio, making the stock its 14th biggest position. Mudita Advisors LLP owned approximately 0.53% of MAC Copper worth $4,154,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. ProShare Advisors LLC boosted its holdings in shares of MAC Copper by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 15,170 shares of the company's stock valued at $161,000 after acquiring an additional 4,990 shares during the period. Tidal Investments LLC lifted its holdings in shares of MAC Copper by 33.6% during the fourth quarter. Tidal Investments LLC now owns 17,982 shares of the company's stock worth $191,000 after purchasing an additional 4,524 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of MAC Copper by 22.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,679 shares of the company's stock worth $231,000 after purchasing an additional 4,026 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of MAC Copper during the fourth quarter worth $235,000. Finally, XTX Topco Ltd acquired a new stake in shares of MAC Copper during the first quarter worth $249,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MTAL. Scotiabank reiterated a "sector perform" rating and issued a $13.00 price objective on shares of MAC Copper in a research report on Tuesday, May 27th. BMO Capital Markets reiterated a "market perform" rating and issued a $12.25 price objective (up previously from $11.00) on shares of MAC Copper in a research report on Tuesday, June 3rd. Finally, Canaccord Genuity Group cut MAC Copper from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 11th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.63.

MAC Copper Stock Performance

Shares of MAC Copper stock traded up $0.01 on Monday, hitting $12.19. The company's stock had a trading volume of 109,666 shares, compared to its average volume of 581,452. MAC Copper Limited has a 52-week low of $7.69 and a 52-week high of $14.31. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.58 and a quick ratio of 0.45. The firm has a fifty day moving average price of $12.10 and a 200-day moving average price of $10.96.

MAC Copper 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.