Metals Acquisition Limited (NYSE:MTAL - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 53,515 shares were traded during trading, an increase of 39% from the previous session's volume of 38,536 shares.The stock last traded at $13.79 and had previously closed at $13.51.
Analysts Set New Price Targets
Separately, Scotiabank started coverage on shares of Metals Acquisition in a research note on Monday, March 4th. They set a "sector outperform" rating and a $14.50 price objective for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $13.92.
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Metals Acquisition Stock Up 0.3 %
The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.23 and a current ratio of 0.31. The firm's 50 day simple moving average is $12.64 and its 200 day simple moving average is $11.63.
Institutional Trading of Metals Acquisition
A number of large investors have recently made changes to their positions in MTAL. Citigroup Inc. boosted its stake 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 purchasing an additional 62,500 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Metals Acquisition in the first quarter valued at about $108,000. Mackenzie Financial Corp bought a new stake in shares of Metals Acquisition in the first quarter valued at about $1,992,000. Cubist Systematic Strategies LLC bought a new stake in shares of Metals Acquisition in the third quarter valued at about $386,000. Finally, Deutsche Bank AG raised its holdings in shares of Metals Acquisition by 130.7% in the fourth quarter. Deutsche Bank AG now owns 100,487 shares of the company's stock valued at $1,005,000 after acquiring an additional 56,931 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.
About Metals Acquisition
(
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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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