Shares of Metals Acquisition Limited (NYSE:MTAL – Get Free Report) were up 3.2% on Friday . The company traded as high as $13.93 and last traded at $13.93. Approximately 2,464 shares traded hands during trading, a decline of 94% from the average daily volume of 38,235 shares. The stock had previously closed at $13.50.
Wall Street Analysts Forecast Growth
Separately, Scotiabank started coverage on Metals Acquisition in a research report on Monday, March 4th. They set a “sector outperform” rating and a $14.50 target price on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $13.92.
View Our Latest Stock Report on Metals Acquisition
Metals Acquisition Stock Performance
Institutional Investors Weigh In On Metals Acquisition
Institutional investors have recently added to or reduced their stakes in the stock. Sprott Inc. acquired a new stake in Metals Acquisition during the third quarter valued at approximately $17,970,000. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Metals Acquisition by 10.4% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 687,139 shares of the company’s stock worth $8,232,000 after acquiring an additional 64,616 shares in the last quarter. CI Investments Inc. acquired a new position in shares of Metals Acquisition in the 3rd quarter worth approximately $6,676,000. Kepos Capital LP acquired a new position in shares of Metals Acquisition in the 3rd quarter worth approximately $210,000. Finally, Regal Partners Ltd boosted its holdings 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 worth $3,638,000 after acquiring an additional 3,705 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.
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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