Metals Acquisition Limited (NYSE:MTAL) Shares Sold by Fourth Sail Capital LP

Fourth Sail Capital LP lowered its position in Metals Acquisition Limited (NYSE:MTAL) by 11.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,397,610 shares of the company’s stock after selling 710,084 shares during the period. Metals Acquisition accounts for approximately 18.8% of Fourth Sail Capital LP’s portfolio, making the stock its largest position. Fourth Sail Capital LP owned 0.07% of Metals Acquisition worth $74,757,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Amalgamated Bank bought a new position in shares of Metals Acquisition during the 2nd quarter worth approximately $26,000. Creative Planning acquired a new position in shares of Metals Acquisition during the 3rd quarter valued at $190,000. Squarepoint Ops LLC bought a new position in Metals Acquisition during the second quarter worth $205,000. SG Americas Securities LLC acquired a new stake in Metals Acquisition in the third quarter worth $246,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Metals Acquisition in the second quarter valued at $278,000. 87.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MTAL. Scotiabank cut their price objective on shares of Metals Acquisition from $17.00 to $16.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 19th. BMO Capital Markets increased their price target on Metals Acquisition from $13.00 to $15.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd.

Metals Acquisition Stock Down 3.4 %

Shares of MTAL opened at $11.65 on Monday. Metals Acquisition Limited has a 52 week low of $9.50 and a 52 week high of $15.26. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.69. The stock has a 50 day moving average price of $12.55 and a two-hundred day moving average price of $12.83.

About Metals Acquisition

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.