Metals Acquisition Limited (NYSE:MTAL – Get Free Report) has been assigned an average rating of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.00.
Several equities analysts have weighed in on the company. Scotiabank raised their price target on Metals Acquisition from $15.50 to $17.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 30th. BMO Capital Markets cut Metals Acquisition from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $13.00 to $12.00 in a research report on Tuesday, May 21st.
Check Out Our Latest Stock Report on Metals Acquisition
Institutional Trading of Metals Acquisition
Metals Acquisition Stock Up 1.2 %
MTAL stock opened at $14.52 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.23 and a debt-to-equity ratio of 1.45. Metals Acquisition has a 12 month low of $9.50 and a 12 month high of $15.26. The company’s 50 day simple moving average is $13.79 and its 200-day simple moving average is $12.91.
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.
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