SailingStone Capital Partners LLC boosted its position in Metals Acquisition Limited (NYSE:MTAL - Free Report) by 3.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,633,391 shares of the company's stock after acquiring an additional 98,925 shares during the period. Metals Acquisition accounts for approximately 9.4% of SailingStone Capital Partners LLC's portfolio, making the stock its 5th largest holding. SailingStone Capital Partners LLC owned approximately 3.56% of Metals Acquisition worth $27,967,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of MTAL. Quadrant Capital Group LLC bought a new position in Metals Acquisition in the 4th quarter worth about $26,000. Signaturefd LLC bought a new position in shares of Metals Acquisition in the fourth quarter valued at approximately $36,000. Orion Portfolio Solutions LLC bought a new stake in Metals Acquisition during the 4th quarter worth approximately $119,000. ProShare Advisors LLC lifted its stake in Metals Acquisition by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 15,170 shares of the company's stock worth $161,000 after purchasing an additional 4,990 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Metals Acquisition by 12.6% in the 4th quarter. SG Americas Securities LLC now owns 19,959 shares of the company's stock valued at $212,000 after purchasing an additional 2,232 shares during the period. Hedge funds and other institutional investors own 87.47% of the company's stock.
Metals Acquisition Price Performance
NYSE:MTAL traded up $0.06 during mid-day trading on Thursday, hitting $10.14. 115,214 shares of the company's stock were exchanged, compared to its average volume of 324,161. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. Metals Acquisition Limited has a one year low of $7.69 and a one year high of $15.26. The business has a fifty day moving average price of $9.39 and a 200 day moving average price of $10.61.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on MTAL shares. National Bank Financial lowered Metals Acquisition from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. BMO Capital Markets assumed coverage on Metals Acquisition in a research note on Wednesday, April 16th. They set an "outperform" rating and a $11.00 target price on the stock.
View Our Latest Stock Analysis on Metals Acquisition
Metals Acquisition Company Profile
(
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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