MAC Copper FY2026 EPS Increased by National Bank Financial

Key Points

• National Bank Financial has raised its FY2026 EPS estimate for MAC Copper from $0.96 to $1.06, indicating positive sentiment about the company's earnings potential.
• BMO Capital Markets has set a new target price of $12.25 for MAC Copper shares, an increase from its previous target of $11.00, while the consensus rating remains at "Hold."
• Institutional investors hold a significant stake in MAC Copper, with hedge funds now owning 87.47% of the company's stock, reflecting strong investor confidence.

MAC Copper Limited (NYSE:MTAL - Free Report) - Analysts at National Bank Financial upped their FY2026 EPS estimates for MAC Copper in a research note issued on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $1.06 for the year, up from their prior forecast of $0.96. The consensus estimate for MAC Copper's current full-year earnings is $0.16 per share.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets reaffirmed a "market perform" rating and set a $12.25 price target (up from $11.00) on shares of MAC Copper in a research note on Tuesday, June 3rd. Canaccord Genuity Group lowered MAC Copper from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $12.63.

MAC Copper Trading Up 0.0%

Shares of NYSE:MTAL opened at $12.21 on Thursday. MAC Copper has a 12 month low of $7.69 and a 12 month 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 stock's 50 day moving average price is $12.13 and its 200 day moving average price is $11.06.

Hedge Funds Weigh In On MAC Copper

A number of large investors have recently bought and sold shares of the company. Squarepoint Ops LLC raised its stake in shares of MAC Copper by 335.8% during the 2nd quarter. Squarepoint Ops LLC now owns 94,048 shares of the company's stock worth $1,137,000 after purchasing an additional 72,466 shares in the last quarter. Water Island Capital LLC acquired a new position in shares of MAC Copper in the second quarter valued at about $806,000. Tidal Investments LLC raised its position in shares of MAC Copper by 18.8% in the second quarter. Tidal Investments LLC now owns 23,990 shares of the company's stock valued at $290,000 after buying an additional 3,788 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of MAC Copper by 222.7% in the second quarter. BNP Paribas Financial Markets now owns 68,053 shares of the company's stock worth $823,000 after purchasing an additional 46,966 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of MAC Copper in the 2nd quarter valued at $13,340,000. Institutional investors and hedge funds own 87.47% of the company's stock.

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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