Metals Acquisitions Trading (NYSE:MTAL) up 4.8%.

Shares of Metals Acquisition Limited (NYSE:MTAL – Get Free Report) were up 4.8% in intraday trading on Thursday. The stock has traded as high as $12.99 and last traded at $12.94. About 14,659 shares were traded during midday trading, down 91% from average daily volume of 163,557 shares. Shares had previously closed at $12.35.

The Wall Street analyst concludes

Several stock analysts have published reports on MTAL stock. In a research report on Tuesday, May 21, BMO Capital Markets downgraded Metals Acquisition from an outperform rating to a market perform rating and lowered their price target for the company from $13.00 to $12.00. Scotiabank increased their target price on Metals from $15.50 to $17.00 and gave the stock an “outperform sector” rating in a research report on Thursday, May 30. One equity market research analyst rated the company’s shares with a hold recommendation, and four issued a buy recommendation. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.00.

See our latest stock report on MTAL

Shares of metal acquisition companies rose 8.7%

The company’s debt ratio is 1.45, current ratio is 0.23 and current ratio is 0.31. The company’s 50-day moving average is $13.59 and its 200-day moving average is $12.67.

Institutional inflows and outflows

A number of institutional investors and hedge funds have recently increased or decreased their holdings in MTAL. Kepos Capital LP acquired a new position in Metals Foreclosures during the third quarter valued at approximately $210,000. Tuttle Capital Management LLC acquired a new position in Metals Acquisition during the first quarter worth approximately $517,000. Regal Partners Ltd increased its position in shares of Metals Acquisition by 1.2% during the third quarter. Regal Partners Ltd now owns 303,705 shares of the company’s stock valued at $3,638,000 after purchasing an additional 3,705 shares in the last quarter. Adage Capital Partners GP LLC increased its stake in shares of Metals Acquisition by 10.4% during the third quarter. Adage Capital Partners GP LLC now owns 687,139 shares of the company’s stock valued at $8,232,000 after purchasing an additional 64,616 shares in the last quarter. Ultimately, Sprott Inc. purchased a new stake in shares of Metals Acquisition during the third quarter worth approximately $17,970,000. 87.47% of the shares are held by institutional investors and hedge funds.

About purchasing metals

(Download the free report)

Metals Acquisition Limited focuses on the mining and production of copper and silver. It operates a CSA copper mine in Cobar, Australia. The company was founded in 2022 and is headquartered in Saint Helier, Jersey.

Featured Stories

Get daily metals foreclosure news and ratings – Enter your email address below to receive a concise summary of the latest news and analyst ratings for Metals Acquisition and related companies in MarketBeat.com’s FREE daily newsletter.