Metals Acquisition Limited (NYSE:MTAL - Free Report) - Stock analysts at National Bank Financial upped their FY2024 EPS estimates for Metals Acquisition in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.41 per share for the year, up from their previous forecast of $0.32. The consensus estimate for Metals Acquisition's current full-year earnings is $0.21 per share. National Bank Financial also issued estimates for Metals Acquisition's Q1 2025 earnings at $0.15 EPS.
A number of other analysts also recently commented on MTAL. Scotiabank decreased their price objective on shares of Metals Acquisition from $17.00 to $16.00 and set a "sector outperform" rating on the stock in a report on Monday, August 19th. BMO Capital Markets upped their price target on Metals Acquisition from $13.00 to $15.00 and gave the stock a "market perform" rating in a report on Tuesday, July 23rd.
Check Out Our Latest Stock Analysis on Metals Acquisition
Metals Acquisition Stock Performance
Shares of NYSE MTAL traded up $0.02 during trading on Thursday, hitting $12.25. 216,570 shares of the company were exchanged, compared to its average volume of 241,755. The firm's fifty day moving average price is $12.15 and its 200 day moving average price is $12.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.69. Metals Acquisition has a 1 year low of $9.50 and a 1 year high of $15.26.
Hedge Funds Weigh In On Metals Acquisition
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank purchased a new position in shares of Metals Acquisition during the 2nd quarter worth approximately $26,000. Marshall Wace LLP increased its position in Metals Acquisition by 57.4% during the second quarter. Marshall Wace LLP now owns 24,126 shares of the company's stock worth $330,000 after buying an additional 8,799 shares in the last quarter. Creative Planning purchased a new position in Metals Acquisition during the third quarter worth $190,000. Squarepoint Ops LLC acquired a new position in shares of Metals Acquisition in the second quarter worth $205,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Metals Acquisition in the third quarter valued at $246,000. Institutional investors and hedge funds 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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