Sprott Inc. lessened its stake in shares of Metals Acquisition Limited (NYSE:MTAL – Free Report) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,314,105 shares of the company’s stock after selling 185,895 shares during the quarter. Sprott Inc. owned about 1.77% of Metals Acquisition worth $13,956,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in MTAL. Creative Planning purchased a new stake in Metals Acquisition in the third quarter worth approximately $190,000. CWA Asset Management Group LLC purchased a new position in shares of Metals Acquisition in the 3rd quarter worth $278,000. Regal Partners Ltd grew its holdings in shares of Metals Acquisition by 1.7% in the third quarter. Regal Partners Ltd now owns 406,327 shares of the company’s stock worth $5,628,000 after acquiring an additional 6,651 shares during the period. Bank of Montreal Can purchased a new stake in Metals Acquisition during the third quarter valued at $6,049,000. Finally, Quantbot Technologies LP bought a new position in Metals Acquisition in the third quarter valued at about $46,000. 87.47% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Scotiabank cut their price target on Metals Acquisition from $16.00 to $14.50 and set a “sector outperform” rating for the company in a research note on Monday, January 6th.
Metals Acquisition Stock Down 0.4 %
Shares of MTAL stock opened at $10.69 on Wednesday. The company has a 50 day simple moving average of $10.75 and a two-hundred day simple moving average of $11.73. Metals Acquisition Limited has a 12 month low of $9.89 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.
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.
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