Metals Acquisition Limited (NYSE:MTAL - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $10.15, but opened at $12.03. Metals Acquisition shares last traded at $12.20, with a volume of 250,402 shares trading hands.
Analysts Set New Price Targets
MTAL has been the topic of several research reports. National Bank Financial downgraded Metals Acquisition from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Scotiabank reiterated a "sector perform" rating and set a $13.00 price target on shares of Metals Acquisition in a research note on Tuesday. Finally, BMO Capital Markets started coverage on Metals Acquisition in a report on Wednesday, April 16th. They issued an "outperform" rating and a $11.00 price objective on the stock.
View Our Latest Analysis on Metals Acquisition
Metals Acquisition Trading Up 1.3%
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 50-day simple moving average of $9.44 and a 200-day simple moving average of $10.53.
Institutional Investors Weigh In On Metals Acquisition
A number of large investors have recently bought and sold shares of MTAL. SG Americas Securities LLC lifted its holdings in shares of Metals Acquisition by 12.6% during the 4th 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 during the period. Signaturefd LLC acquired a new position in shares of Metals Acquisition in the 4th quarter valued at $36,000. American Century Companies Inc. grew its stake in shares of Metals Acquisition by 58.5% during the 4th quarter. American Century Companies Inc. now owns 906,421 shares of the company's stock valued at $9,626,000 after buying an additional 334,505 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Metals Acquisition by 70.7% during the 4th quarter. JPMorgan Chase & Co. now owns 112,771 shares of the company's stock worth $1,198,000 after buying an additional 46,701 shares during the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of Metals Acquisition in the 4th quarter worth $119,000. Institutional investors and hedge funds 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.
Read More
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
