Metals Acquisition Limited (NYSE:MTAL – Get Free Report) has been assigned a consensus recommendation of “Buy” from the five research firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have covered the stock in the last year is $13.92.
A number of equities research analysts have weighed in on the stock. Scotiabank assumed coverage on shares of Metals Acquisition in a report on Monday, March 4th. They issued a “sector outperform” rating and a $14.50 price objective on the stock. National Bank Financial started coverage on shares of Metals Acquisition in a report on Thursday, December 14th. They issued an “outperform” rating and a $14.00 price objective on the stock. Finally, Eight Capital set a $15.00 price target on shares of Metals Acquisition and gave the company a “buy” rating in a report on Wednesday, December 6th.
View Our Latest Report on Metals Acquisition
Metals Acquisition Price Performance
MTAL stock opened at $12.85 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.31 and a quick ratio of 0.23. Metals Acquisition has a 1 year low of $8.49 and a 1 year high of $13.65. The firm has a 50-day moving average of $12.43 and a 200 day moving average of $11.50.
Institutional Investors Weigh In On Metals Acquisition
Several institutional investors and hedge funds have recently added to or reduced their stakes in MTAL. BlackRock Inc. bought a new stake in shares of Metals Acquisition during the 2nd quarter valued at $49,594,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in shares of Metals Acquisition by 8.3% during the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the 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 period. Platinum Investment Management Ltd. raised its position in shares of Metals Acquisition by 9.8% during the 4th 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 period. Sprott Inc. bought a new stake in shares of Metals Acquisition during the 3rd quarter valued at $17,970,000. Finally, Aristeia Capital LLC raised its position in shares of Metals Acquisition by 34.7% during the 4th quarter. Aristeia Capital LLC now owns 912,350 shares of the company’s stock valued at $9,128,000 after purchasing an additional 235,000 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.
About Metals Acquisition
Metals Acquisition Limited focuses on operating and acquiring metals and mining businesses. The company operates the CSA copper mine in Cobar, Australia. Metals Acquisition Limited is headquartered in Saint Helier, Jersey.
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