Barclays PLC Has $1 Million Stock Holdings in Metals Acquisition Limited (NYSE:MTAL)

Barclays PLC raised its holdings in Metals Acquisition Limited (NYSE:MTAL - Free Report) by 286.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,260 shares of the company's stock after acquiring an additional 53,567 shares during the quarter. Barclays PLC owned about 0.10% of Metals Acquisition worth $1,000,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in Metals Acquisition by 799.1% during the third quarter. Wellington Management Group LLP now owns 909,588 shares of the company's stock valued at $12,598,000 after purchasing an additional 808,418 shares during the last quarter. Millennium Management LLC raised its holdings in Metals Acquisition by 54.3% in the 2nd quarter. Millennium Management LLC now owns 1,919,918 shares of the company's stock worth $26,284,000 after acquiring an additional 675,340 shares during the period. Bank of Montreal Can acquired a new stake in shares of Metals Acquisition in the third quarter valued at about $6,049,000. Bank of New York Mellon Corp acquired a new position in shares of Metals Acquisition during the 2nd quarter worth about $2,141,000. Finally, State Street Corp boosted its stake in Metals Acquisition by 28.7% during the 3rd quarter. State Street Corp now owns 698,943 shares of the company's stock valued at $9,680,000 after purchasing an additional 156,022 shares during the period. 87.47% of the stock is owned by institutional investors.

Metals Acquisition Stock Up 0.4 %

Shares of NYSE:MTAL traded up $0.04 during midday trading on Wednesday, reaching $10.43. 174,214 shares of the company's stock were exchanged, compared to its average volume of 168,976. 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's 50 day simple moving average is $11.70 and its two-hundred day simple moving average is $12.20. Metals Acquisition Limited has a 12 month low of $9.89 and a 12 month high of $15.26.

Analyst Upgrades and Downgrades

Separately, Scotiabank cut their target price 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.