Metals Acquisition Limited (NYSE:MTAL) receives an average rating of “Moderate Buy” from analysts

Metals Acquisition Limited (NYSE:MTAL – Get Free Report) shares have been given an average recommendation of “Moderate Buy” by five brokers currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock as a “Hold” and four have given the company a “Buy” rating. The average 1-year price target among brokers who have covered the stock in the last year is $14.00.

Several equities analysts have issued reports on shares of MTAL. BMO Capital Markets downgraded Metals Acquisition from an “outperform” rating to a “market perform” rating and lowered their price target on the stock from $13.00 to $12.00 in a research report on Tuesday, May 21. Scotiabank increased their price target on shares of Metals Acquisition from $15.50 to $17.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 30.

See our latest analysis on metal acquisitions

Institutional inflows and outflows

Several hedge funds have recently added to or reduced their holdings in MTAL. Tuttle Capital Management LLC acquired a new stake in shares of Metals Acquisition in the first quarter worth approximately $517,000. Adage Capital Partners GP LLC increased its holdings in Metals Acquisition by 10.4% in the third quarter. Adage Capital Partners GP LLC now owns 687,139 shares of the company’s stock worth $8,232,000 after acquiring an additional 64,616 shares in the last quarter. Sprott Inc. acquired a new position in Metals Acquisition in the third quarter worth approximately $17,970,000. Platinum Investment Management Ltd. increased its holdings in shares of Metals Acquisition by 9.8% in the fourth quarter. Platinum Investment Management Ltd. now owns 2,236,246 shares of the company’s stock valued at $27,640,000 after purchasing an additional 199,898 shares during the last quarter. Finally, United Super Pty Ltd in its role as trustee for Construction & Building Unions Superannuation Fund increased its position in shares of Metals Acquisition by 8.3% during the fourth quarter. United Super Pty Ltd in its role as trustee for Construction & Building Unions Superannuation Fund now owns 3,572,728 shares of the company’s stock valued at $44,159,000 after purchasing an additional 272,727 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

Price efficiency of metal purchase

MTAL stock opened on Friday at $14.60. Metals Acquisition has a 52-week low of $9.15 and a 52-week high of $15.26. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.31 and a current ratio of 0.23. The company’s 50 day simple moving average is $13.70 and its 200 day simple moving average is $12.83.

About the takeover of metals

(Get a free report

Metals Acquisition Limited is focused 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.

read more

Get daily news and ratings on metal acquisitions – 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.