Metals Acquisition Limited (NYSE:MTAL - Get Free Report) shares saw an uptick in trading volume on Wednesday . 184,611 shares were traded during mid-day trading, a decline of 22% from the previous session's volume of 238,092 shares.The stock last traded at $12.36 and had previously closed at $13.25.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on MTAL. BMO Capital Markets upped their target price on shares of Metals Acquisition from $13.00 to $15.00 and gave the company a "market perform" rating in a research note on Tuesday, July 23rd. 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.
View Our Latest Stock Report on MTAL
Metals Acquisition Stock Down 4.6 %
The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.84. The business's 50-day moving average is $11.92 and its two-hundred day moving average is $12.97.
Institutional Investors Weigh In On Metals Acquisition
A number of institutional investors have recently modified their holdings of MTAL. Amalgamated Bank bought a new position in Metals Acquisition in the 2nd quarter worth about $26,000. Squarepoint Ops LLC bought a new position in Metals Acquisition in the 2nd quarter worth about $205,000. SG Americas Securities LLC bought a new position in Metals Acquisition in the 3rd quarter worth about $246,000. The Manufacturers Life Insurance Company bought a new position in Metals Acquisition in the 2nd quarter worth about $278,000. Finally, Marshall Wace LLP grew its position in Metals Acquisition by 57.4% in the 2nd quarter. Marshall Wace LLP now owns 24,126 shares of the company's stock worth $330,000 after purchasing an additional 8,799 shares during the last quarter. 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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