JPMorgan Chase & Co. Acquires 46,701 Shares of Metals Acquisition Limited (NYSE:MTAL)

JPMorgan Chase & Co. increased its position in shares of Metals Acquisition Limited (NYSE:MTAL - Free Report) by 70.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,771 shares of the company's stock after acquiring an additional 46,701 shares during the quarter. JPMorgan Chase & Co. owned 0.15% of Metals Acquisition worth $1,198,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MTAL. Signaturefd LLC purchased a new position in Metals Acquisition during the fourth quarter valued at approximately $36,000. Tidal Investments LLC acquired a new position in shares of Metals Acquisition in the third quarter worth $186,000. SG Americas Securities LLC raised its holdings in shares of Metals Acquisition by 12.6% during the fourth quarter. SG Americas Securities LLC now owns 19,959 shares of the company's stock worth $212,000 after acquiring an additional 2,232 shares in the last quarter. Barclays PLC grew its stake in Metals Acquisition by 286.6% in the third quarter. Barclays PLC now owns 72,260 shares of the company's stock valued at $1,000,000 after purchasing an additional 53,567 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Metals Acquisition by 58.5% in the 4th quarter. American Century Companies Inc. now owns 906,421 shares of the company's stock worth $9,626,000 after purchasing an additional 334,505 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

Metals Acquisition Stock Performance

NYSE MTAL traded down $0.29 during trading on Thursday, hitting $8.70. 59,595 shares of the company traded hands, compared to its average volume of 324,162. Metals Acquisition Limited has a 12 month low of $7.69 and a 12 month high of $15.26. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.69. The business has a fifty day simple moving average of $9.57 and a 200 day simple moving average of $10.90.

Wall Street Analysts Forecast Growth

MTAL has been the subject of several research reports. BMO Capital Markets assumed coverage on Metals Acquisition in a report on Wednesday, April 16th. They set an "outperform" rating and a $11.00 price target for the company. Scotiabank decreased their target price on shares of Metals Acquisition from $16.00 to $14.50 and set a "sector outperform" rating for the company in a research report on Monday, January 6th.

Metals Acquisition Company Profile

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.