Metals Acquisition (NYSE:MTAL - Get Free Report)'s stock had its "market perform" rating reissued by stock analysts at BMO Capital Markets in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $12.25 target price on the stock, up from their prior target price of $11.00. BMO Capital Markets' target price suggests a potential downside of 1.49% from the stock's previous close.
Several other research analysts have also recently weighed in on the stock. Scotiabank reaffirmed a "sector perform" rating and issued a $13.00 price target on shares of Metals Acquisition in a report on Tuesday, May 27th. National Bank Financial cut shares of Metals Acquisition from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th.
Get Our Latest Stock Report on Metals Acquisition
Metals Acquisition Stock Performance
Shares of Metals Acquisition stock traded up $0.16 during trading on Tuesday, hitting $12.44. The stock had a trading volume of 392,620 shares, compared to its average volume of 358,649. Metals Acquisition has a 12 month low of $7.69 and a 12 month high of $14.93. The business's 50-day moving average is $9.71 and its 200 day moving average is $10.54. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Glencore plc bought a new position in Metals Acquisition in the fourth quarter valued at $106,200,000. JPMorgan Chase & Co. increased its stake in Metals Acquisition by 70.7% in the fourth quarter. JPMorgan Chase & Co. now owns 112,771 shares of the company's stock valued at $1,198,000 after acquiring an additional 46,701 shares during the last quarter. ProShare Advisors LLC increased its stake in Metals Acquisition by 49.0% in the fourth 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. American Century Companies Inc. increased its stake in Metals Acquisition by 58.5% in the fourth quarter. American Century Companies Inc. now owns 906,421 shares of the company's stock valued at $9,626,000 after acquiring an additional 334,505 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Metals Acquisition by 6.5% in the fourth quarter. Invesco Ltd. now owns 25,755 shares of the company's stock valued at $274,000 after acquiring an additional 1,576 shares during the last quarter. Institutional investors own 87.47% of the company's stock.
Metals Acquisition Company Profile
(
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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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