Metals Acquisition Limited (NYSE:MTAL - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as $7.69 and last traded at $8.07, with a volume of 197425 shares. The stock had previously closed at $8.16.
Wall Street Analysts Forecast Growth
Separately, Scotiabank decreased their target price on shares of Metals Acquisition from $16.00 to $14.50 and set a "sector outperform" rating for the company in a research report on Monday, January 6th.
Read Our Latest Analysis on Metals Acquisition
Metals Acquisition Price Performance
The stock has a fifty day simple moving average of $10.11 and a two-hundred day simple moving average of $11.29. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85.
Institutional Trading of Metals Acquisition
Several large investors have recently modified their holdings of the stock. Squarepoint Ops LLC bought a new stake in Metals Acquisition in the fourth quarter valued at $235,000. Tidal Investments LLC increased its position in Metals Acquisition by 33.6% in the 4th quarter. Tidal Investments LLC now owns 17,982 shares of the company's stock valued at $191,000 after buying an additional 4,524 shares in the last quarter. SailingStone Capital Partners LLC raised its stake in Metals Acquisition by 3.9% during the 4th quarter. SailingStone Capital Partners LLC now owns 2,633,391 shares of the company's stock worth $27,967,000 after buying an additional 98,925 shares during the period. ProShare Advisors LLC raised its stake in Metals Acquisition by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 15,170 shares of the company's stock worth $161,000 after buying an additional 4,990 shares during the period. Finally, Millennium Management LLC boosted its holdings in Metals Acquisition by 11.2% in the fourth quarter. Millennium Management LLC now owns 2,028,073 shares of the company's stock worth $21,538,000 after acquiring an additional 204,439 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.
Metals Acquisition Company Profile
(
Get 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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