Metals Acquisition Limited (NYSE:MTAL) is Fourth Sail Capital LP's Largest Position

Fourth Sail Capital LP lessened its position in shares of Metals Acquisition Limited (NYSE:MTAL - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,135,143 shares of the company's stock after selling 262,467 shares during the quarter. Metals Acquisition comprises approximately 16.2% of Fourth Sail Capital LP's portfolio, making the stock its largest position. Fourth Sail Capital LP owned about 6.93% of Metals Acquisition worth $54,535,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in shares of 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 acquiring an additional 808,418 shares during the last quarter. State Street Corp boosted its position in shares of Metals Acquisition by 28.7% during the 3rd quarter. State Street Corp now owns 698,943 shares of the company's stock worth $9,680,000 after purchasing an additional 156,022 shares during the period. Bank of Montreal Can acquired a new stake in Metals Acquisition in the 3rd quarter valued at approximately $6,049,000. Regal Partners Ltd increased its holdings in Metals Acquisition by 1.7% in the 3rd quarter. Regal Partners Ltd now owns 406,327 shares of the company's stock valued at $5,628,000 after purchasing an additional 6,651 shares during the last quarter. Finally, Barclays PLC raised its position in Metals Acquisition by 286.6% in the third 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 period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Metals Acquisition Stock Performance

Shares of MTAL traded down $0.14 during mid-day trading on Monday, hitting $9.94. 236,199 shares of the company's stock were exchanged, compared to its average volume of 223,402. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. The stock's 50-day moving average is $10.74 and its 200-day moving average is $11.71. Metals Acquisition Limited has a fifty-two week low of $9.84 and a fifty-two week high of $15.26.

Analyst Upgrades and Downgrades

Separately, Scotiabank dropped their price objective on 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.

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.