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 report issued on Tuesday, Marketbeat Ratings reports. They presently have a $12.25 price objective on the stock, up from their previous price objective of $11.00. BMO Capital Markets' target price points to a potential downside of 0.34% from the company's current price.
A number of other brokerages have also weighed in on MTAL. National Bank Financial lowered shares of Metals Acquisition from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Scotiabank reissued a "sector perform" rating and set a $13.00 price objective on shares of Metals Acquisition in a report on Tuesday, May 27th.
Read Our Latest Report on Metals Acquisition
Metals Acquisition Stock Down 0.6%
Shares of MTAL traded down $0.07 during mid-day trading on Tuesday, reaching $12.29. The company had a trading volume of 400,638 shares, compared to its average volume of 359,372. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. The company's 50 day simple moving average is $9.59 and its 200 day simple moving average is $10.53. Metals Acquisition has a 1-year low of $7.69 and a 1-year high of $14.93.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC bought a new stake in shares of Metals Acquisition in the 4th quarter valued at $26,000. Signaturefd LLC acquired a new position in Metals Acquisition in the fourth quarter valued at $36,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Metals Acquisition during the 4th quarter worth approximately $119,000. ProShare Advisors LLC increased its stake in shares of Metals Acquisition by 49.0% in the 4th 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 in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Metals Acquisition by 33.6% in the 4th quarter. Tidal Investments LLC now owns 17,982 shares of the company's stock valued at $191,000 after acquiring an additional 4,524 shares in the last quarter. Institutional investors own 87.47% of the company's stock.
About Metals Acquisition
(
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.
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