Scotiabank reissued their sector perform rating on shares of Metals Acquisition (NYSE:MTAL - Free Report) in a research report released on Tuesday, MarketBeat reports. Scotiabank currently has a $13.00 price target on the stock.
Several other equities analysts also recently commented on MTAL. BMO Capital Markets started coverage on Metals Acquisition in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $11.00 target price for 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.
Check Out Our Latest Analysis on Metals Acquisition
Metals Acquisition Stock Performance
Metals Acquisition stock traded down $0.18 during trading hours on Tuesday, hitting $12.15. The stock had a trading volume of 1,261,753 shares, compared to its average volume of 352,147. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.69. Metals Acquisition has a one year low of $7.69 and a one year high of $14.93. The business's 50 day simple moving average is $9.47 and its 200-day simple moving average is $10.53.
Hedge Funds Weigh In On Metals Acquisition
A number of hedge funds have recently made changes to their positions in the stock. Glencore plc bought a new position in shares of Metals Acquisition during the fourth quarter worth about $106,200,000. Fourth Sail Capital LP grew its stake in Metals Acquisition by 1.0% in the first quarter. Fourth Sail Capital LP now owns 5,185,005 shares of the company's stock valued at $49,465,000 after acquiring an additional 49,862 shares during the period. SailingStone Capital Partners LLC boosted its position in shares of Metals Acquisition by 3.9% during the fourth quarter. SailingStone Capital Partners LLC now owns 2,633,391 shares of the company's stock valued at $27,967,000 after buying an additional 98,925 shares during the last quarter. Millennium Management LLC boosted its position in shares of Metals Acquisition by 11.2% during the fourth quarter. Millennium Management LLC now owns 2,028,073 shares of the company's stock valued at $21,538,000 after buying an additional 204,439 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Metals Acquisition by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,914,921 shares of the company's stock valued at $18,268,000 after buying an additional 49,499 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.
Metals Acquisition Company Profile
(
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.
See Also
Before you consider Metals Acquisition, 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 Metals Acquisition wasn't on the list.
While Metals Acquisition currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
