Metals Acquisition Limited (NYSE:MTAL) Receives $13.92 Average PT from Analysts

Shares of Metals Acquisition Limited (NYSE:MTAL) have been assigned a consensus recommendation of “Buy” from the five research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $13.92.

Separately, Scotiabank assumed coverage on Metals Acquisition in a research report on Monday, March 4th. They issued a “sector outperform” rating and a $14.50 target price on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Tuttle Capital Management LLC bought a new position in shares of Metals Acquisition in the first quarter worth $517,000. Platinum Investment Management Ltd. grew its stake in shares of Metals Acquisition by 9.8% in the fourth quarter. Platinum Investment Management Ltd. now owns 2,236,246 shares of the company’s stock worth $27,640,000 after purchasing an additional 199,898 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in shares of Metals Acquisition by 8.3% in the fourth 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 worth $44,159,000 after purchasing an additional 272,727 shares in the last quarter. Sprott Inc. bought a new position in shares of Metals Acquisition in the third quarter worth $17,970,000. Finally, Regal Partners Ltd grew its stake in shares of Metals Acquisition by 1.2% in the third quarter. Regal Partners Ltd now owns 303,705 shares of the company’s stock worth $3,638,000 after purchasing an additional 3,705 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Metals Acquisition Price Performance

Shares of NYSE MTAL opened at $13.89 on Tuesday. Metals Acquisition has a 1-year low of $8.49 and a 1-year high of $14.11. The company has a quick ratio of 0.23, a current ratio of 0.31 and a debt-to-equity ratio of 1.45. The business’s fifty day moving average price is $12.82 and its two-hundred day moving average price is $11.74.

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.