Shares of MAC Copper Limited (NYSE:MTAL - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 407,402 shares were traded during trading, an increase of 13% from the previous session's volume of 361,887 shares.The stock last traded at $12.02 and had previously closed at $11.98.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. National Bank Financial lowered shares of MAC Copper from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. BMO Capital Markets reiterated a "market perform" rating and issued a $12.25 price target (up from $11.00) on shares of MAC Copper in a research report on Tuesday, June 3rd. Finally, Scotiabank restated a "sector perform" rating and issued a $13.00 price objective on shares of MAC Copper in a research note on Tuesday, May 27th.
Check Out Our Latest Report on MTAL
MAC Copper Price Performance
The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $10.23 and a 200 day moving average price of $10.51.
Institutional Trading of MAC Copper
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in shares of MAC Copper by 6.5% in the fourth quarter. Invesco Ltd. now owns 25,755 shares of the company's stock valued at $274,000 after purchasing an additional 1,576 shares during the period. Quadrant Capital Group LLC purchased a new position in MAC Copper during the fourth quarter valued at approximately $26,000. Signaturefd LLC purchased a new stake in shares of MAC Copper during the 4th quarter worth $36,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of MAC Copper by 22.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,679 shares of the company's stock valued at $231,000 after buying an additional 4,026 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in MAC Copper by 33.6% during the fourth quarter. Tidal Investments LLC now owns 17,982 shares of the company's stock valued at $191,000 after acquiring an additional 4,524 shares during the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.
About MAC Copper
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MAC Copper, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MAC Copper wasn't on the list.
While MAC Copper currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
