Credit Industriel ET Commercial Makes New Investment in MAC Copper Limited $MTAL

Credit Industriel ET Commercial bought a new position in shares of MAC Copper Limited (NYSE:MTAL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 193,000 shares of the company’s stock, valued at approximately $2,333,000.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC grew its stake in shares of MAC Copper by 256.3% in the second quarter. Signaturefd LLC now owns 10,575 shares of the company’s stock valued at $128,000 after buying an additional 7,607 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of MAC Copper in the first quarter valued at $249,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of MAC Copper in the first quarter valued at $287,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of MAC Copper in the second quarter valued at $536,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of MAC Copper in the first quarter valued at $791,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MTAL. Zacks Research raised MAC Copper from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Canaccord Genuity Group cut MAC Copper from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MAC Copper in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.63.

MAC Copper Price Performance

MTAL opened at $12.21 on Tuesday. MAC Copper Limited has a 12 month low of $7.69 and a 12 month high of $13.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.58 and a quick ratio of 0.45. The business has a fifty day moving average price of $12.16 and a 200 day moving average price of $11.24.

MAC Copper 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.