Bank of Montreal Can purchased a new position in Metals Acquisition Limited (NYSE:MTAL - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 439,642 shares of the company's stock, valued at approximately $6,049,000. Bank of Montreal Can owned approximately 0.59% of Metals Acquisition at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Regal Partners Ltd grew its holdings in Metals Acquisition by 1.7% during the third quarter. Regal Partners Ltd now owns 406,327 shares of the company's stock worth $5,628,000 after purchasing an additional 6,651 shares during the period. CWA Asset Management Group LLC acquired a new stake in Metals Acquisition during the third quarter worth approximately $278,000. Creative Planning acquired a new position in shares of Metals Acquisition in the third quarter valued at approximately $190,000. SG Americas Securities LLC bought a new position in shares of Metals Acquisition during the third quarter worth approximately $246,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Metals Acquisition during the 2nd quarter worth approximately $278,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.
Metals Acquisition Trading Up 1.0 %
Metals Acquisition stock traded up $0.13 during mid-day trading on Tuesday, reaching $12.83. 184,745 shares of the company were exchanged, compared to its average volume of 247,614. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.69. The company has a fifty day simple moving average of $12.75 and a 200-day simple moving average of $12.76. Metals Acquisition Limited has a 12 month low of $9.75 and a 12 month high of $15.26.
Analyst Ratings Changes
Separately, Scotiabank lowered their price objective on Metals Acquisition from $17.00 to $16.00 and set a "sector outperform" rating on the stock in a research report on Monday, August 19th.
Check Out Our Latest Stock Analysis 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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