Signaturefd LLC Purchases Shares of 3,403 Metals Acquisition Limited (NYSE:MTAL)

Signaturefd LLC bought a new position in shares of Metals Acquisition Limited (NYSE:MTAL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,403 shares of the company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTAL. Quarry LP bought a new stake in Metals Acquisition in the 3rd quarter valued at $34,000. Quantbot Technologies LP purchased a new position in shares of Metals Acquisition during the third quarter valued at about $46,000. FMR LLC bought a new stake in shares of Metals Acquisition in the third quarter worth about $107,000. Tidal Investments LLC purchased a new stake in shares of Metals Acquisition in the third quarter worth about $186,000. Finally, SG Americas Securities LLC boosted its stake in Metals Acquisition by 12.6% during the fourth quarter. SG Americas Securities LLC now owns 19,959 shares of the company’s stock valued at $212,000 after buying an additional 2,232 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

Metals Acquisition Trading Up 1.4 %

Shares of NYSE:MTAL opened at $10.55 on Wednesday. Metals Acquisition Limited has a 12 month low of $9.35 and a 12 month high of $15.26. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $10.66 and a 200 day moving average price of $11.58.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reduced their price objective on Metals Acquisition from $16.00 to $14.50 and set a “sector outperform” rating on the stock in a research note on Monday, January 6th.

Metals Acquisition 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.