Signaturefd LLC bought a new position in Metals Acquisition Limited (NYSE:MTAL – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,403 shares of the company’s stock, valued at approximately $36,000.
A number of other large investors have also added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new position in Metals Acquisition in the third quarter worth about $6,049,000. Quantbot Technologies LP purchased a new position in shares of Metals Acquisition in the third quarter worth approximately $46,000. FMR LLC purchased a new position in shares of Metals Acquisition in the third quarter worth approximately $107,000. Townsquare Capital LLC bought a new stake in Metals Acquisition during the third quarter valued at approximately $284,000. Finally, MetLife Investment Management LLC increased its holdings in Metals Acquisition by 129.1% during the third quarter. MetLife Investment Management LLC now owns 31,654 shares of the company’s stock valued at $438,000 after buying an additional 17,836 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Scotiabank dropped their price target on shares of Metals Acquisition from $16.00 to $14.50 and set a “sector outperform” rating on the stock in a research note on Monday, January 6th.
Metals Acquisition Trading Up 1.4 %
NYSE MTAL opened at $10.55 on Wednesday. Metals Acquisition Limited has a 52 week low of $9.35 and a 52 week 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. The stock’s 50-day moving average price is $10.66 and its 200-day moving average price is $11.58.
Metals Acquisition 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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