Metals Acquisition (NYSE:MTAL) Sets New 52-Week Low – Here’s What Happened

Metals Acquisition Limited (NYSE:MTAL) hit a new 52-week low on Friday . The stock traded as low as $9.15 and last traded at $10.50, with a volume of 409 shares changing hands. The stock had previously closed at $10.75.

Wall Street Analysts Forecast Growth

Separately, Scotiabank cut their price objective on shares of 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 Stock Down 0.3 %

The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average price of $10.66 and a 200 day moving average price of $11.57.

Institutional Trading of Metals Acquisition

Several hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC bought a new position in shares of Metals Acquisition in the fourth quarter valued at $235,000. Tidal Investments LLC raised its holdings in shares of Metals Acquisition by 33.6% in the 4th quarter. Tidal Investments LLC now owns 17,982 shares of the company’s stock worth $191,000 after acquiring an additional 4,524 shares during the last quarter. SailingStone Capital Partners LLC raised its holdings in shares of Metals Acquisition by 3.9% in the 4th quarter. SailingStone Capital Partners LLC now owns 2,633,391 shares of the company’s stock worth $27,967,000 after acquiring an additional 98,925 shares during the last quarter. ProShare Advisors LLC lifted its position in Metals Acquisition by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 15,170 shares of the company’s stock valued at $161,000 after acquiring an additional 4,990 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Metals Acquisition by 11.2% during the 4th quarter. Millennium Management LLC now owns 2,028,073 shares of the company’s stock valued at $21,538,000 after purchasing an additional 204,439 shares during the last quarter. 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.