Metals Acquisition Limited (NYSE:MTAL - Free Report) - National Bank Financial upped their Q4 2024 earnings per share (EPS) estimates for shares of 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 post earnings of $0.23 per share for the quarter, up from their previous forecast of $0.01. The consensus estimate for Metals Acquisition's current full-year earnings is $0.28 per share. National Bank Financial also issued estimates for Metals Acquisition's FY2025 earnings at $0.78 EPS, FY2026 earnings at $1.14 EPS and FY2027 earnings at $1.14 EPS.
MTAL has been the topic of a number of other research reports. Scotiabank cut their target price on shares of Metals Acquisition from $17.00 to $16.00 and set a "sector outperform" rating on the stock in a research note on Monday, August 19th. BMO Capital Markets raised their price objective on Metals Acquisition from $13.00 to $15.00 and gave the company a "market perform" rating in a research report on Tuesday, July 23rd.
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Metals Acquisition Price Performance
NYSE MTAL traded up $0.22 during mid-day trading on Friday, hitting $12.47. The company's stock had a trading volume of 362,903 shares, compared to its average volume of 242,346. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. Metals Acquisition has a 52-week low of $9.50 and a 52-week high of $15.26. The stock's fifty day simple moving average is $12.17 and its two-hundred day simple moving average is $12.92.
Hedge Funds Weigh In On Metals Acquisition
Institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new position in shares of Metals Acquisition in the second quarter worth about $26,000. Creative Planning purchased a new stake in Metals Acquisition during the 3rd quarter worth approximately $190,000. Squarepoint Ops LLC acquired a new position in shares of Metals Acquisition in the 2nd quarter valued at approximately $205,000. SG Americas Securities LLC purchased a new position in shares of Metals Acquisition during the 3rd quarter valued at approximately $246,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Metals Acquisition during the second quarter worth approximately $278,000. 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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