Wellington Management Group LLP Sells 59,730 Shares of Metals Acquisition Limited (NYSE:MTAL)

Wellington Management Group LLP decreased its holdings in Metals Acquisition Limited (NYSE:MTAL - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 849,858 shares of the company's stock after selling 59,730 shares during the period. Wellington Management Group LLP owned about 1.15% of Metals Acquisition worth $9,025,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC bought a new stake in shares of Metals Acquisition in the 4th quarter worth $26,000. Signaturefd LLC bought a new stake in shares of Metals Acquisition in the 4th quarter worth $36,000. Orion Portfolio Solutions LLC bought a new stake in shares of Metals Acquisition in the 4th quarter worth $119,000. ProShare Advisors LLC increased its holdings in shares of Metals Acquisition by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 15,170 shares of the company's stock worth $161,000 after purchasing an additional 4,990 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Metals Acquisition by 33.6% in the 4th quarter. Tidal Investments LLC now owns 17,982 shares of the company's stock worth $191,000 after purchasing an additional 4,524 shares in the last quarter. Institutional investors own 87.47% of the company's stock.

Metals Acquisition Price Performance

Shares of MTAL traded up $0.16 during trading hours on Friday, hitting $12.44. The stock had a trading volume of 392,620 shares, compared to its average volume of 358,649. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.84. Metals Acquisition Limited has a 12 month low of $7.69 and a 12 month high of $14.93. The stock has a fifty day moving average price of $9.71 and a 200 day moving average price of $10.54.

Analyst Ratings Changes

A number of analysts have commented on the company. BMO Capital Markets reissued a "market perform" rating and issued a $12.25 target price (up previously from $11.00) on shares of Metals Acquisition in a report on Tuesday. Scotiabank reaffirmed a "sector perform" rating and issued a $13.00 price objective on shares of Metals Acquisition in a report on Tuesday, May 27th. Finally, National Bank Financial lowered Metals Acquisition from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th.

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.