FY2024 EPS Estimates for Metals Acquisition Limited Cut by Analyst (NYSE:MTAL)

Metals Acquisition Limited (NYSE:MTAL) – Equities researchers at National Bank Financial reduced their FY2024 earnings per share estimates for shares of Metals Acquisition in a note issued to investors on Tuesday, April 23rd. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of $0.95 for the year, down from their previous forecast of $1.11. The consensus estimate for Metals Acquisition’s current full-year earnings is ($0.27) per share. National Bank Financial also issued estimates for Metals Acquisition’s FY2025 earnings at $0.91 EPS.

Separately, Scotiabank began coverage on Metals Acquisition in a research report on Monday, March 4th. They set a “sector outperform” rating and a $14.50 price target on the stock. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $13.92.

Metals Acquisition Stock Up 0.5 %

MTAL opened at $13.22 on Thursday. The stock’s 50 day simple moving average is $12.76 and its 200 day simple moving average is $11.71. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.23 and a current ratio of 0.31. Metals Acquisition has a 1 year low of $8.49 and a 1 year high of $14.11.

Institutional Investors Weigh In On Metals Acquisition

A number of large investors have recently made changes to their positions in the business. Tuttle Capital Management LLC purchased a new position in shares of Metals Acquisition in the 1st quarter valued at approximately $517,000. Platinum Investment Management Ltd. lifted its stake in shares of Metals Acquisition by 9.8% in 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. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in shares of Metals Acquisition by 8.3% in 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. Sprott Inc. purchased a new position in shares of Metals Acquisition in the 3rd quarter valued at approximately $17,970,000. Finally, Regal Partners Ltd lifted its stake in shares of Metals Acquisition by 1.2% in the 3rd quarter. Regal Partners Ltd now owns 303,705 shares of the company’s stock valued at $3,638,000 after purchasing an additional 3,705 shares during the period. 87.47% of the stock is currently owned by institutional investors.

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.