Wellington Management Group LLP Trims Stake in Metals Acquisition Limited (NYSE:MTAL)

Wellington Management Group LLP lowered its holdings in shares of Metals Acquisition Limited (NYSE:MTAL - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 849,858 shares of the company's stock after selling 59,730 shares during the quarter. Wellington Management Group LLP owned 1.15% of Metals Acquisition worth $9,025,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in Metals Acquisition by 58.5% during the 4th quarter. American Century Companies Inc. now owns 906,421 shares of the company's stock worth $9,626,000 after purchasing an additional 334,505 shares during the period. State Street Corp raised its holdings in shares of Metals Acquisition by 28.7% in the third quarter. State Street Corp now owns 698,943 shares of the company's stock valued at $9,680,000 after acquiring an additional 156,022 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Metals Acquisition by 70.7% in the 4th quarter. JPMorgan Chase & Co. now owns 112,771 shares of the company's stock worth $1,198,000 after purchasing an additional 46,701 shares during the period. Barclays PLC boosted its position in 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 acquiring an additional 53,567 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Metals Acquisition by 12.6% in the fourth 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.

Analyst Ratings Changes

Separately, Scotiabank reduced their price target on Metals Acquisition from $16.00 to $14.50 and set a "sector outperform" rating on the stock in a research report on Monday, January 6th.

Metals Acquisition Price Performance

MTAL traded up $0.13 during trading on Tuesday, reaching $8.63. 61,902 shares of the company's stock were exchanged, compared to its average volume of 326,940. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.84. Metals Acquisition Limited has a 1 year low of $7.69 and a 1 year high of $15.26. The company's fifty day simple moving average is $10.06 and its 200-day simple moving average is $11.24.

About Metals Acquisition

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.