Shares of Metals Acquisition Limited (NYSE:MTAL - Get Free Report) have earned an average recommendation of "Buy" from the five ratings firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $13.92.
Separately, Scotiabank began coverage on Metals Acquisition in a research note on Monday, March 4th. They issued a "sector outperform" rating and a $14.50 target price on the stock.
Read Our Latest Analysis on Metals Acquisition
Institutional Trading of Metals Acquisition
Several large investors have recently bought and sold shares of the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its position in Metals Acquisition by 8.3% during the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 3,572,728 shares of the company's stock valued at $44,159,000 after acquiring an additional 272,727 shares in the last quarter. Platinum Investment Management Ltd. boosted its position in shares of Metals Acquisition by 9.8% in the 4th quarter. Platinum Investment Management Ltd. now owns 2,236,246 shares of the company's stock worth $27,640,000 after purchasing an additional 199,898 shares in the last quarter. Sprott Inc. bought a new stake in shares of Metals Acquisition in the 3rd quarter worth approximately $17,970,000. Adage Capital Partners GP L.L.C. boosted its position in shares of Metals Acquisition by 10.4% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 687,139 shares of the company's stock worth $8,232,000 after purchasing an additional 64,616 shares in the last quarter. Finally, CI Investments Inc. bought a new stake in shares of Metals Acquisition in the 3rd quarter worth approximately $6,676,000. 87.47% of the stock is owned by institutional investors.
Metals Acquisition Price Performance
Shares of NYSE MTAL traded down $0.07 during trading hours on Tuesday, hitting $13.15. The company's stock had a trading volume of 678,506 shares, compared to its average volume of 64,272. The company has a quick ratio of 0.23, a current ratio of 0.31 and a debt-to-equity ratio of 1.45. Metals Acquisition has a 12 month low of $8.49 and a 12 month high of $14.11. The business has a 50-day simple moving average of $12.73 and a 200-day simple moving average of $11.70.
About Metals Acquisition
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Get Free ReportMetals 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.
Further Reading
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