FIL Ltd Invests $442,000 in Metals Acquisition Limited (NYSE:MTAL)

FIL Ltd bought a new stake in Metals Acquisition Limited (NYSE:MTAL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 41,599 shares of the company's stock, valued at approximately $442,000. FIL Ltd owned approximately 0.06% of Metals Acquisition as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in MTAL. American Century Companies Inc. grew its position in Metals Acquisition by 58.5% in the fourth quarter. American Century Companies Inc. now owns 906,421 shares of the company's stock valued at $9,626,000 after purchasing an additional 334,505 shares in the last quarter. State Street Corp grew its holdings in shares of Metals Acquisition by 28.7% in the 3rd quarter. State Street Corp now owns 698,943 shares of the company's stock valued at $9,680,000 after acquiring an additional 156,022 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Metals Acquisition by 70.7% in the fourth quarter. JPMorgan Chase & Co. now owns 112,771 shares of the company's stock valued at $1,198,000 after buying an additional 46,701 shares in the last quarter. Barclays PLC lifted its stake in Metals Acquisition by 286.6% in the 3rd quarter. Barclays PLC now owns 72,260 shares of the company's stock valued at $1,000,000 after purchasing an additional 53,567 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Metals Acquisition by 32.7% during the 4th quarter. Wells Fargo & Company MN now owns 29,837 shares of the company's stock worth $317,000 after acquiring an additional 7,352 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Scotiabank lowered their target price 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 report on Wednesday. They set an "outperform" rating and a $11.00 price objective for the company.

Metals Acquisition Stock Down 0.3 %

Shares of Metals Acquisition stock traded down $0.03 on Friday, hitting $8.76. The stock had a trading volume of 344,110 shares, compared to its average volume of 330,747. The stock has a 50 day moving average of $9.93 and a 200 day moving average of $11.17. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.84. Metals Acquisition Limited has a twelve month low of $7.69 and a twelve month high of $15.26.

About Metals Acquisition

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.