Metals Acquisition (NYSE:MTAL) Stock Price Up 3.2%

Metals Acquisition Limited (NYSE:MTAL - Get Free Report) rose 3.2% during mid-day trading on Friday . The company traded as high as $13.93 and last traded at $13.93. Approximately 2,464 shares traded hands during trading, a decline of 94% from the average daily volume of 38,235 shares. The stock had previously closed at $13.50.

Analyst Ratings Changes

Several research firms have issued reports on MTAL. Scotiabank began coverage on shares of Metals Acquisition in a report on Monday, March 4th. They set a "sector outperform" rating and a $14.50 price objective on the stock. National Bank Financial initiated coverage on shares of Metals Acquisition in a research report on Thursday, December 14th. They issued an "outperform" rating and a $14.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $13.92.

Metals Acquisition Stock Down 0.2 %

The stock's 50-day moving average price is $12.64 and its 200 day moving average price is $11.63. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.31 and a quick ratio of 0.23.

Institutional Investors Weigh In On Metals Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. increased its position in shares of Metals Acquisition by 26.3% during the first quarter. Citigroup Inc. now owns 300,001 shares of the company's stock valued at $2,988,000 after acquiring an additional 62,500 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Metals Acquisition in the first quarter worth approximately $108,000. Mackenzie Financial Corp purchased a new position in Metals Acquisition in the first quarter worth approximately $1,992,000. Cubist Systematic Strategies LLC purchased a new position in Metals Acquisition in the third quarter worth approximately $386,000. Finally, Deutsche Bank AG raised its holdings in Metals Acquisition by 130.7% during the fourth quarter. Deutsche Bank AG now owns 100,487 shares of the company's stock worth $1,005,000 after purchasing an additional 56,931 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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.