Metals Acquisition Limited (NYSE:MTAL) Holdings Lifted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Metals Acquisition Limited (NYSE:MTAL - Free Report) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,865,422 shares of the company's stock after acquiring an additional 194,813 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.52% of Metals Acquisition worth $19,811,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MTAL. Barclays PLC raised its position in shares of Metals Acquisition by 286.6% in the 3rd quarter. Barclays PLC now owns 72,260 shares of the company's stock worth $1,000,000 after buying an additional 53,567 shares during the period. Glencore plc purchased a new stake in shares of Metals Acquisition during the 4th quarter worth about $106,200,000. JPMorgan Chase & Co. increased its position in 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 purchasing an additional 46,701 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Metals Acquisition by 58.5% in the 4th 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 period. Finally, Invesco Ltd. boosted its position in Metals Acquisition by 6.5% during the 4th quarter. Invesco Ltd. now owns 25,755 shares of the company's stock worth $274,000 after purchasing an additional 1,576 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. BMO Capital Markets began coverage on Metals Acquisition in a research report on Wednesday, April 16th. They issued an "outperform" rating and a $11.00 price objective on the stock. National Bank Financial downgraded Metals Acquisition from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th.

Metals Acquisition Price Performance

MTAL stock traded down $0.02 during midday trading on Tuesday, hitting $9.92. 35,933 shares of the company's stock were exchanged, compared to its average volume of 325,034. Metals Acquisition Limited has a 12-month low of $7.69 and a 12-month high of $15.26. 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 firm has a 50 day moving average price of $9.40 and a 200-day moving average price of $10.62.

Metals Acquisition Company Profile

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.