JPMorgan Chase & Co. Sells 3,405 Shares of Metals Acquisition Limited (NYSE:MTAL)

JPMorgan Chase & Co. decreased its stake in shares of Metals Acquisition Limited (NYSE:MTAL) by 4.9% during the 3rd quarter, Holdings Channel reports. The firm owned 66,070 shares of the company’s stock after selling 3,405 shares during the period. JPMorgan Chase & Co.’s holdings in Metals Acquisition were worth $915,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTAL. Wellington Management Group LLP raised its stake in Metals Acquisition by 799.1% in the 3rd quarter. Wellington Management Group LLP now owns 909,588 shares of the company’s stock valued at $12,598,000 after acquiring an additional 808,418 shares during the period. Millennium Management LLC grew its position in shares of Metals Acquisition by 54.3% in the second quarter. Millennium Management LLC now owns 1,919,918 shares of the company’s stock valued at $26,284,000 after purchasing an additional 675,340 shares during the last quarter. Bank of Montreal Can acquired a new stake in Metals Acquisition during the 3rd quarter worth approximately $6,049,000. State Street Corp grew its position in shares of Metals Acquisition by 28.7% during the 3rd quarter. State Street Corp now owns 698,943 shares of the company’s stock worth $9,680,000 after purchasing an additional 156,022 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Metals Acquisition by 286.6% in the third quarter. Barclays PLC now owns 72,260 shares of the company’s stock worth $1,000,000 after purchasing an additional 53,567 shares during the period. Institutional investors own 87.47% of the company’s stock.

Metals Acquisition Stock Performance

Metals Acquisition stock opened at $10.86 on Friday. Metals Acquisition Limited has a 52-week low of $9.89 and a 52-week high of $15.26. The firm has a 50 day moving average price of $11.42 and a two-hundred day moving average price of $12.04. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.84.

Analysts Set New Price Targets

Separately, Scotiabank dropped their price objective on shares of 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 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.