MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 194,813 Shares of Metals Acquisition Limited (NYSE:MTAL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Metals Acquisition Limited (NYSE:MTAL) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,865,422 shares of the company’s stock after acquiring an additional 194,813 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Metals Acquisition were worth $19,811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC acquired a new stake in shares of Metals Acquisition during the fourth quarter worth about $26,000. Signaturefd LLC acquired a new position in shares of Metals Acquisition in the 4th quarter valued at approximately $36,000. Orion Portfolio Solutions LLC bought a new stake in Metals Acquisition during the 4th quarter worth approximately $119,000. Tidal Investments LLC acquired a new stake in Metals Acquisition during the 3rd quarter worth approximately $186,000. Finally, SG Americas Securities LLC raised its holdings in Metals Acquisition by 12.6% during the 4th quarter. SG Americas Securities LLC now owns 19,959 shares of the company’s stock worth $212,000 after buying an additional 2,232 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Metals Acquisition Trading Down 2.9%

Shares of Metals Acquisition stock opened at $9.77 on Thursday. The business’s 50 day simple moving average is $9.40 and its 200 day simple moving average is $10.69. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.69. Metals Acquisition Limited has a 52-week low of $7.69 and a 52-week high of $15.26.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MTAL shares. BMO Capital Markets initiated coverage on shares of Metals Acquisition in a report on Wednesday, April 16th. They issued an “outperform” rating and a $11.00 price target for the company. National Bank Financial lowered shares of Metals Acquisition from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th.

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.