Metals Acquisition Limited (NYSE:MTAL - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as $9.45 and last traded at $9.54, with a volume of 113013 shares. The stock had previously closed at $9.54.
Wall Street Analyst Weigh In
Separately, Scotiabank lowered their target price on shares of 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.
Get Our Latest Stock Report on Metals Acquisition
Metals Acquisition Trading Up 3.7 %
The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.69. The stock has a 50 day moving average of $10.62 and a 200 day moving average of $11.60.
Institutional Trading of Metals Acquisition
Hedge funds have recently bought and sold shares of the company. Invesco Ltd. raised its stake in shares of Metals Acquisition by 6.5% during the fourth quarter. Invesco Ltd. now owns 25,755 shares of the company's stock worth $274,000 after acquiring an additional 1,576 shares in the last quarter. SG Americas Securities LLC raised its position in Metals Acquisition by 12.6% in the 4th 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 Metals Acquisition in the third quarter worth $34,000. Quadrant Capital Group LLC purchased a new stake in Metals Acquisition during the fourth quarter valued at about $26,000. Finally, Quantbot Technologies LP purchased a new position in shares of Metals Acquisition in the third quarter worth about $46,000. Institutional investors own 87.47% of the company's stock.
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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