United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its holdings in shares of Metals Acquisition Limited (NYSE:MTAL - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,572,728 shares of the company's stock after buying an additional 272,727 shares during the quarter. Metals Acquisition makes up approximately 2.2% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's investment portfolio, making the stock its 15th biggest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 7.38% of Metals Acquisition worth $44,159,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Metals Acquisition during the second quarter valued at about $49,594,000. Sprott Inc. acquired a new stake in Metals Acquisition in the third quarter valued at approximately $17,970,000. CI Investments Inc. purchased a new position in Metals Acquisition in the third quarter worth $6,676,000. Berkley W R Corp increased its position in shares of Metals Acquisition by 455.8% during the first quarter. Berkley W R Corp now owns 412,302 shares of the company's stock worth $4,214,000 after purchasing an additional 338,121 shares in the last quarter. Finally, Regal Partners Ltd purchased a new stake in shares of Metals Acquisition during the 2nd quarter valued at $3,090,000. Institutional investors own 87.47% of the company's stock.
Metals Acquisition Stock Down 2.8 %
MTAL stock traded down $0.38 during midday trading on Wednesday, reaching $13.12. The stock had a trading volume of 72,644 shares, compared to its average volume of 41,802. The firm has a fifty day simple moving average of $12.67 and a two-hundred day simple moving average of $11.65. Metals Acquisition Limited has a 52-week low of $8.49 and a 52-week high of $14.11. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.23 and a current ratio of 0.31.
Wall Street Analysts Forecast Growth
Separately, Scotiabank initiated coverage on Metals Acquisition in a research report on Monday, March 4th. They set a "sector outperform" rating and a $14.50 target price on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Metals Acquisition has an average rating of "Buy" and a consensus price target of $13.92.
Check Out Our Latest Research Report on Metals Acquisition
About Metals Acquisition
(
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.
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