American Century Companies Inc. Acquires 334,505 Shares of Metals Acquisition Limited (NYSE:MTAL)

American Century Companies Inc. increased its position in shares of Metals Acquisition Limited (NYSE:MTAL - Free Report) by 58.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 906,421 shares of the company's stock after purchasing an additional 334,505 shares during the quarter. American Century Companies Inc. owned approximately 1.22% of Metals Acquisition worth $9,626,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Metals Acquisition in the 3rd quarter valued at $46,000. FMR LLC bought a new position in Metals Acquisition during the third quarter valued at about $107,000. Townsquare Capital LLC purchased a new stake in Metals Acquisition during the third quarter worth about $284,000. MetLife Investment Management LLC increased its holdings in Metals Acquisition by 129.1% during the third quarter. MetLife Investment Management LLC now owns 31,654 shares of the company's stock worth $438,000 after buying an additional 17,836 shares during the last quarter. Finally, Quarry LP bought a new stake in Metals Acquisition in the third quarter worth about $34,000. 87.47% of the stock is owned by institutional investors.

Metals Acquisition Stock Performance

Shares of NYSE MTAL traded up $0.18 during trading on Monday, reaching $8.34. 657,580 shares of the stock traded hands, compared to its average volume of 317,397. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. Metals Acquisition Limited has a 52-week low of $7.59 and a 52-week high of $15.26. The company has a 50-day moving average of $10.39 and a 200-day moving average of $11.47.

Wall Street Analysts Forecast Growth

Separately, Scotiabank decreased their price target on shares of Metals Acquisition from $16.00 to $14.50 and set a "sector outperform" rating for the company in a research note on Monday, January 6th.

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.