Metals Acquisition (NYSE:MTAL) Sets New 12-Month Low – What’s Next?

Shares of Metals Acquisition Limited (NYSE:MTAL) hit a new 52-week low on Monday . The stock traded as low as $9.88 and last traded at $9.87, with a volume of 128879 shares trading hands. The stock had previously closed at $10.07.

Analyst Ratings Changes

Separately, Scotiabank cut their price target on Metals Acquisition from $16.00 to $14.50 and set a “sector outperform” rating for the company in a research note on Monday, January 6th.

Metals Acquisition Stock Down 1.3 %

The company’s 50 day moving average price is $10.74 and its 200 day moving average price is $11.71. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 0.85.

Institutional Investors Weigh In On Metals Acquisition

Hedge funds have recently added to or reduced their stakes in the company. Creative Planning acquired a new position in Metals Acquisition during the 3rd quarter worth approximately $190,000. CWA Asset Management Group LLC purchased a new stake in shares of Metals Acquisition in the third quarter valued at approximately $278,000. Regal Partners Ltd raised its position in Metals Acquisition by 1.7% in the third quarter. Regal Partners Ltd now owns 406,327 shares of the company’s stock worth $5,628,000 after acquiring an additional 6,651 shares in the last quarter. Bank of Montreal Can purchased a new position in Metals Acquisition in the third quarter worth $6,049,000. Finally, Quantbot Technologies LP acquired a new stake in Metals Acquisition in the third quarter valued at $46,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Metals Acquisition Company Profile

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.