Metals Acquisition Limited (NYSE:MTAL - Get Free Report)'s stock price shot up 7.5% on Tuesday . The stock traded as high as $10.10 and last traded at $10.08. 37,386 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 279,494 shares. The stock had previously closed at $9.37.
Wall Street Analyst Weigh In
Separately, Scotiabank cut their price target on shares of Metals Acquisition from $16.00 to $14.50 and set a "sector outperform" rating on the stock in a report on Monday, January 6th.
Read Our Latest Analysis on Metals Acquisition
Metals Acquisition Trading Up 3.9 %
The firm's fifty day moving average is $10.61 and its two-hundred day moving average is $11.58. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 0.85.
Institutional Trading of Metals Acquisition
Hedge funds have recently modified their holdings of the business. Barclays PLC boosted its holdings in shares of Metals Acquisition by 286.6% during the 3rd quarter. Barclays PLC now owns 72,260 shares of the company's stock valued at $1,000,000 after buying an additional 53,567 shares in the last quarter. State Street Corp raised its position in Metals Acquisition by 28.7% in the 3rd quarter. State Street Corp now owns 698,943 shares of the company's stock worth $9,680,000 after buying an additional 156,022 shares during the last quarter. FMR LLC purchased a new position in Metals Acquisition in the 3rd quarter worth about $107,000. Wellington Management Group LLP increased its position in shares of Metals Acquisition by 799.1% during the 3rd quarter. Wellington Management Group LLP now owns 909,588 shares of the company's stock valued at $12,598,000 after purchasing an additional 808,418 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Metals Acquisition by 12.6% during the 4th quarter. SG Americas Securities LLC now owns 19,959 shares of the company's stock valued at $212,000 after purchasing an additional 2,232 shares during the last quarter. Institutional investors own 87.47% of the company's stock.
About Metals Acquisition
(
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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