MAC Copper Limited (NYSE:MTAL - Free Report) - Equities researchers at National Bank Financial cut their FY2025 earnings per share estimates for MAC Copper in a research note issued to investors on Tuesday, July 8th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $0.84 for the year, down from their previous estimate of $0.85. National Bank Financial currently has a "Hold" rating on the stock. The consensus estimate for MAC Copper's current full-year earnings is $0.16 per share.
Several other equities analysts have also commented on the company. Scotiabank restated a "sector perform" rating and set a $13.00 price target on shares of MAC Copper in a research note on Tuesday, May 27th. Canaccord Genuity Group lowered MAC Copper from a "strong-buy" rating to a "hold" rating in a research note on Friday. Finally, BMO Capital Markets restated a "market perform" rating and set a $12.25 price target (up previously from $11.00) on shares of MAC Copper in a research note on Tuesday, June 3rd.
Check Out Our Latest Report on MAC Copper
MAC Copper Stock Performance
Shares of MAC Copper stock traded up $0.02 during trading on Thursday, hitting $12.06. 280,237 shares of the stock traded hands, compared to its average volume of 370,916. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.97 and a current ratio of 1.12. MAC Copper has a 52-week low of $7.69 and a 52-week high of $14.79. The stock's fifty day simple moving average is $11.36 and its 200 day simple moving average is $10.53.
Hedge Funds Weigh In On MAC Copper
Several institutional investors and hedge funds have recently added to or reduced their stakes in MTAL. Quadrant Capital Group LLC purchased a new position in MAC Copper in the fourth quarter valued at about $26,000. Signaturefd LLC purchased a new position in MAC Copper in the fourth quarter valued at about $36,000. Orion Portfolio Solutions LLC purchased a new position in MAC Copper in the fourth quarter valued at about $119,000. ProShare Advisors LLC grew its stake in 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 purchasing an additional 4,990 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in MAC Copper by 33.6% in the fourth 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 last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.
About MAC Copper
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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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