Metals Acquisition Limited (NYSE:MTAL - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $9.30 and last traded at $9.32, with a volume of 133156 shares trading hands. The stock had previously closed at $9.54.
Wall Street Analyst Weigh In
Separately, Scotiabank reduced their price objective 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.
Check Out Our Latest Analysis on MTAL
Metals Acquisition Stock Performance
The stock has a 50 day moving average price of $10.44 and a two-hundred day moving average price of $11.49. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.84.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Invesco Ltd. grew its position in Metals Acquisition by 6.5% in the fourth quarter. Invesco Ltd. now owns 25,755 shares of the company's stock valued at $274,000 after acquiring an additional 1,576 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Metals Acquisition by 12.6% during the fourth quarter. SG Americas Securities LLC now owns 19,959 shares of the company's stock worth $212,000 after purchasing an additional 2,232 shares during the period. Quarry LP bought a new stake in shares of Metals Acquisition in the third quarter worth $34,000. Quadrant Capital Group LLC acquired a new stake in shares of Metals Acquisition in the fourth quarter valued at about $26,000. Finally, Quantbot Technologies LP acquired a new stake in Metals Acquisition during the 3rd quarter valued at approximately $46,000. 87.47% of the stock is owned by institutional investors.
About Metals Acquisition
(
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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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