Mudita Advisors LLP Boosts Stock Position in MAC Copper Limited $MTAL

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 raised its stake in MAC Copper Limited (NYSE:MTAL - Free Report) by 38.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 435,400 shares of the company's stock after purchasing an additional 120,600 shares during the period. MAC Copper accounts for approximately 2.1% of Mudita Advisors LLP's holdings, making the stock its 14th biggest holding. Mudita Advisors LLP owned 0.53% of MAC Copper worth $4,154,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MTAL. ProShare Advisors LLC grew its stake in MAC Copper by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 15,170 shares of the company's stock worth $161,000 after buying an additional 4,990 shares during the last quarter. Tidal Investments LLC grew its stake in MAC Copper by 33.6% during the 4th quarter. Tidal Investments LLC now owns 17,982 shares of the company's stock worth $191,000 after buying an additional 4,524 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in MAC Copper by 22.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,679 shares of the company's stock worth $231,000 after buying an additional 4,026 shares during the last quarter. Squarepoint Ops LLC bought a new position in MAC Copper in the 4th quarter worth about $235,000. Finally, XTX Topco Ltd bought a new position in MAC Copper in the 1st quarter worth about $249,000. Institutional investors own 87.47% of the company's stock.

Wall Street Analyst Weigh In

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

MAC Copper Trading Down 0.1%

MAC Copper stock opened at $12.18 on Wednesday. The firm's 50 day moving average price is $12.09 and its two-hundred day moving average price is $10.92. MAC Copper Limited has a twelve month low of $7.69 and a twelve month high of $14.31. The company has a current ratio of 0.58, a quick ratio of 0.45 and a debt-to-equity ratio of 0.68.

About MAC Copper

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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