Metals Acquisition Limited (NYSE:MTAL - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 320,012 shares changed hands during mid-day trading, a decline of 5% from the previous session's volume of 336,351 shares.The stock last traded at $12.22 and had previously closed at $12.29.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on MTAL shares. Scotiabank restated a "sector perform" rating and issued a $13.00 target price on shares of Metals Acquisition in a research note on Tuesday. National Bank Financial downgraded Metals Acquisition from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, BMO Capital Markets began coverage on Metals Acquisition in a research note on Wednesday, April 16th. They issued an "outperform" rating and a $11.00 price objective on the stock.
View Our Latest Stock Report on MTAL
Metals Acquisition Trading Down 1.0%
The firm has a 50-day simple moving average of $9.37 and a 200-day simple moving average of $10.53. 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
Several institutional investors have recently made changes to their positions in MTAL. Quadrant Capital Group LLC purchased a new stake in Metals Acquisition during the fourth quarter valued at about $26,000. Signaturefd LLC purchased a new stake in shares of Metals Acquisition during the fourth quarter worth about $36,000. Orion Portfolio Solutions LLC purchased a new stake in shares of Metals Acquisition during the fourth quarter worth about $119,000. ProShare Advisors LLC boosted its holdings in shares of Metals Acquisition by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 15,170 shares of the company's stock worth $161,000 after purchasing an additional 4,990 shares during the period. Finally, Tidal Investments LLC boosted its holdings in shares of Metals Acquisition by 33.6% during the fourth quarter. Tidal Investments LLC now owns 17,982 shares of the company's stock worth $191,000 after purchasing an additional 4,524 shares during the period. 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
