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
MTAL has been the subject of several analyst reports. 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. BMO Capital Markets reaffirmed a "market perform" rating and set a $12.25 price objective (up previously from $11.00) on shares of MAC Copper in a report on Tuesday, June 3rd. Finally, National Bank Financial lowered MAC Copper from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th.
View Our Latest Stock Report on MTAL
MAC Copper Stock Performance
The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.97 and a current ratio of 1.12. The company has a 50 day moving average price of $10.45 and a 200 day moving average price of $10.51.
Hedge Funds Weigh In On MAC Copper
Hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC purchased a new position in shares of MAC Copper in the fourth quarter valued at $26,000. Signaturefd LLC acquired a new stake in MAC Copper in the 4th quarter valued at about $36,000. Orion Portfolio Solutions LLC acquired a new stake in MAC Copper in the 4th quarter valued at about $119,000. ProShare Advisors LLC grew its stake in MAC Copper by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 15,170 shares of the company's stock valued at $161,000 after acquiring an additional 4,990 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in MAC Copper by 33.6% in the 4th 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 institutional investors and hedge funds.
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.
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