MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 194,813 Shares of Metals Acquisition Limited (NYSE:MTAL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Metals Acquisition Limited (NYSE:MTAL - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,865,422 shares of the company's stock after buying an additional 194,813 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.52% of Metals Acquisition worth $19,811,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MTAL. Barclays PLC lifted its holdings in shares of Metals Acquisition by 286.6% during the third quarter. Barclays PLC now owns 72,260 shares of the company's stock valued at $1,000,000 after acquiring an additional 53,567 shares during the period. Tidal Investments LLC bought a new position in Metals Acquisition during the 3rd quarter valued at about $186,000. SG Americas Securities LLC boosted its position in Metals Acquisition by 12.6% in the fourth quarter. SG Americas Securities LLC now owns 19,959 shares of the company's stock valued at $212,000 after buying an additional 2,232 shares in the last quarter. Signaturefd LLC bought a new stake in Metals Acquisition during the 4th quarter worth approximately $36,000. Finally, American Century Companies Inc. grew its position in Metals Acquisition by 58.5% during the 4th quarter. American Century Companies Inc. now owns 906,421 shares of the company's stock worth $9,626,000 after acquiring an additional 334,505 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on MTAL. BMO Capital Markets assumed coverage on Metals Acquisition in a report on Wednesday, April 16th. They set an "outperform" rating and a $11.00 target price on the stock. National Bank Financial downgraded shares of Metals Acquisition from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th.

Metals Acquisition Trading Down 2.9%

Shares of MTAL opened at $9.77 on Thursday. Metals Acquisition Limited has a 1 year low of $7.69 and a 1 year high of $15.26. The stock's 50-day moving average price is $9.40 and its two-hundred day moving average price is $10.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.84.

About Metals Acquisition

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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