ExodusPoint Capital Management LP Has $470,000 Stock Holdings in Metals Acquisition Limited (NYSE:MTAL)

ExodusPoint Capital Management LP cut its holdings in shares of Metals Acquisition Limited (NYSE:MTAL - Free Report) by 47.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,284 shares of the company's stock after selling 39,460 shares during the quarter. ExodusPoint Capital Management LP owned 0.06% of Metals Acquisition worth $470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Orion Portfolio Solutions LLC acquired a new stake in Metals Acquisition during the fourth quarter worth about $119,000. JPMorgan Chase & Co. lifted its holdings in shares of Metals Acquisition by 70.7% during the 4th quarter. JPMorgan Chase & Co. now owns 112,771 shares of the company's stock worth $1,198,000 after acquiring an additional 46,701 shares during the period. American Century Companies Inc. boosted its position in shares of Metals Acquisition by 58.5% during the 4th quarter. American Century Companies Inc. now owns 906,421 shares of the company's stock worth $9,626,000 after acquiring an additional 334,505 shares in the last quarter. Signaturefd LLC bought a new position in Metals Acquisition in the fourth quarter valued at approximately $36,000. Finally, SG Americas Securities LLC raised its position in Metals Acquisition by 12.6% during the fourth quarter. SG Americas Securities LLC now owns 19,959 shares of the company's stock valued at $212,000 after purchasing an additional 2,232 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTAL has been the topic of several recent analyst reports. Scotiabank decreased their price target on Metals Acquisition from $16.00 to $14.50 and set a "sector outperform" rating on the stock in a research note on Monday, January 6th. BMO Capital Markets assumed coverage on Metals Acquisition in a research note on Wednesday. They set an "outperform" rating and a $11.00 target price for the company.

Metals Acquisition Trading Down 0.3 %

Shares of NYSE MTAL traded down $0.03 during midday trading on Thursday, reaching $8.76. 344,110 shares of the company were exchanged, compared to its average volume of 341,491. Metals Acquisition Limited has a one year low of $7.69 and a one year high of $15.26. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.84. The stock's 50-day moving average price is $9.98 and its 200-day moving average price is $11.20.

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.