Fourth Sail Capital LP lessened its stake in shares of Metals Acquisition Limited (NYSE:MTAL - Free Report) by 11.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,397,610 shares of the company's stock after selling 710,084 shares during the quarter. Metals Acquisition accounts for about 18.8% of Fourth Sail Capital LP's investment portfolio, making the stock its largest position. Fourth Sail Capital LP owned 7.29% of Metals Acquisition worth $74,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also bought and sold shares of the company. Amalgamated Bank acquired a new stake in shares of Metals Acquisition in the second quarter valued at $26,000. Creative Planning bought a new stake in Metals Acquisition during the 3rd quarter worth about $190,000. Squarepoint Ops LLC acquired a new stake in Metals Acquisition in the 2nd quarter valued at about $205,000. SG Americas Securities LLC bought a new position in shares of Metals Acquisition in the third quarter worth about $246,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Metals Acquisition in the second quarter valued at approximately $278,000. Institutional investors and hedge funds own 87.47% of the company's stock.
Metals Acquisition Stock Performance
NYSE MTAL traded down $0.06 during trading on Monday, reaching $11.59. 220,058 shares of the stock traded hands, compared to its average volume of 247,158. Metals Acquisition Limited has a fifty-two week low of $9.50 and a fifty-two week high of $15.26. 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 price is $12.55 and its 200 day moving average price is $12.83.
Analyst Ratings Changes
A number of analysts have commented on the stock. Scotiabank lowered their target price on shares of Metals Acquisition from $17.00 to $16.00 and set a "sector outperform" rating for the company in a report on Monday, August 19th. BMO Capital Markets lifted their price objective on Metals Acquisition from $13.00 to $15.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 23rd.
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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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