SailingStone Capital Partners LLC raised its holdings in shares of Metals Acquisition Limited (NYSE:MTAL - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,633,391 shares of the company's stock after purchasing an additional 98,925 shares during the period. Metals Acquisition makes up about 9.4% of SailingStone Capital Partners LLC's investment portfolio, making the stock its 5th largest holding. SailingStone Capital Partners LLC owned 3.56% of Metals Acquisition worth $27,967,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC bought a new position in shares of Metals Acquisition during the 4th quarter valued at $26,000. Signaturefd LLC bought a new position in shares of Metals Acquisition during the 4th quarter valued at $36,000. Orion Portfolio Solutions LLC bought a new position in shares of Metals Acquisition during the 4th quarter valued at $119,000. ProShare Advisors LLC lifted its holdings in shares of Metals Acquisition by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 15,170 shares of the company's stock valued at $161,000 after buying an additional 4,990 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Metals Acquisition by 12.6% during the 4th quarter. SG Americas Securities LLC now owns 19,959 shares of the company's stock valued at $212,000 after buying an additional 2,232 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.
Metals Acquisition Price Performance
Shares of MTAL stock opened at $9.79 on Friday. Metals Acquisition Limited has a 12-month low of $7.69 and a 12-month high of $15.26. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. The stock's 50-day moving average price is $9.40 and its 200-day moving average price is $10.65.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. National Bank Financial downgraded Metals Acquisition from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. BMO Capital Markets began coverage on Metals Acquisition in a report on Wednesday, April 16th. They set an "outperform" rating and a $11.00 price target on the stock.
View Our Latest Analysis on MTAL
About Metals Acquisition
(
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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