Millennium Management LLC boosted its position in shares of Metals Acquisition Limited (NYSE:MTAL - Free Report) by 54.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,919,918 shares of the company's stock after acquiring an additional 675,340 shares during the period. Millennium Management LLC owned 3.82% of Metals Acquisition worth $26,284,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of MTAL. Platinum Investment Management Ltd. boosted its holdings in shares of Metals Acquisition by 9.8% during the 4th quarter. Platinum Investment Management Ltd. now owns 2,236,246 shares of the company's stock valued at $27,640,000 after acquiring an additional 199,898 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Metals Acquisition during the second quarter worth $2,141,000. Amalgamated Bank bought a new stake in shares of Metals Acquisition during the second quarter worth $26,000. Tuttle Capital Management LLC bought a new stake in shares of Metals Acquisition in the first quarter valued at about $517,000. Finally, Rhumbline Advisers bought a new position in Metals Acquisition in the second quarter worth about $938,000. Hedge funds and other institutional investors own 87.47% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. BMO Capital Markets upped their target price 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. Scotiabank dropped their target price on Metals Acquisition from $17.00 to $16.00 and set a "sector outperform" rating for the company in a report on Monday, August 19th.
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Metals Acquisition Price Performance
MTAL stock traded down $0.08 on Friday, reaching $13.91. 283,514 shares of the company's stock were exchanged, compared to its average volume of 238,603. 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 Limited has a twelve month low of $9.50 and a twelve month high of $15.26. The stock has a fifty day moving average of $11.87 and a 200-day moving average of $12.96.
Metals Acquisition Company Profile
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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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