MAC Copper (NYSE:MTAL - Get Free Report) is expected to be announcing its Q2 2025 earnings results after the market closes on Wednesday, July 23rd. Analysts expect the company to announce earnings of $0.03 per share for the quarter.
MAC Copper Stock Performance
Shares of NYSE MTAL traded up $0.01 during trading on Thursday, hitting $12.04. 335,051 shares of the company traded hands, compared to its average volume of 372,666. MAC Copper has a 1 year low of $7.69 and a 1 year high of $14.31. The company has a 50-day moving average price of $11.54 and a 200-day moving average price of $10.56. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 0.63.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on MTAL shares. Canaccord Genuity Group cut shares of MAC Copper from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 11th. Scotiabank reaffirmed a "sector perform" rating and set a $13.00 price target on shares of MAC Copper in a research report on Tuesday, May 27th. 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 report on Tuesday, June 3rd. Finally, National Bank Financial cut shares of MAC Copper from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th.
Read Our Latest Stock Report on MAC Copper
Institutional Trading of MAC Copper
An institutional investor recently raised its position in MAC Copper stock. Goldman Sachs Group Inc. raised its position in MAC Copper Limited (NYSE:MTAL - Free Report) by 50.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 257,397 shares of the company's stock after buying an additional 86,197 shares during the period. Goldman Sachs Group Inc. owned approximately 0.31% of MAC Copper worth $2,456,000 at the end of the most recent quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.
MAC Copper Company Profile
(
Get Free Report)
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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