Metals Acquisition Limited (NYSE:MTAL - Get Free Report) shares saw an uptick in trading volume on Monday . 187,767 shares traded hands during trading, an increase of 299% from the previous session's volume of 47,116 shares.The stock last traded at $12.96 and had previously closed at $12.84.
Wall Street Analysts Forecast Growth
Separately, Scotiabank assumed coverage on Metals Acquisition in a report on Monday, March 4th. They set a "sector outperform" rating and a $14.50 price target for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $13.92.
Check Out Our Latest Stock Report on Metals Acquisition
Metals Acquisition Stock Performance
The company has a debt-to-equity ratio of 1.45, a current ratio of 0.31 and a quick ratio of 0.23. The company has a 50-day moving average of $12.71 and a 200-day moving average of $11.68.
Institutional Investors Weigh In On Metals Acquisition
A number of institutional investors and hedge funds have recently modified their holdings of the company. Tuttle Capital Management LLC acquired a new stake in shares of Metals Acquisition in the 1st quarter worth approximately $517,000. Platinum Investment Management Ltd. grew its holdings 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 acquiring an additional 199,898 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its holdings in shares of Metals Acquisition by 8.3% in 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 worth $44,159,000 after acquiring an additional 272,727 shares during the period. Sprott Inc. acquired a new stake in shares of Metals Acquisition in the 3rd quarter worth approximately $17,970,000. Finally, Regal Partners Ltd lifted its stake in Metals Acquisition by 1.2% in the 3rd quarter. Regal Partners Ltd now owns 303,705 shares of the company's stock valued at $3,638,000 after buying an additional 3,705 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.
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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