Fourth Sail Capital LP Has $65.97 Million Stock Position in MAC Copper Limited $MTAL

Fourth Sail Capital LP increased its holdings in shares of MAC Copper Limited (NYSE:MTAL) by 5.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,456,461 shares of the company’s stock after purchasing an additional 271,456 shares during the period. MAC Copper makes up approximately 13.7% of Fourth Sail Capital LP’s holdings, making the stock its largest position. Fourth Sail Capital LP owned 6.62% of MAC Copper worth $65,969,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MTAL. Wolverine Asset Management LLC acquired a new stake in shares of MAC Copper in the second quarter worth $52,000. Signaturefd LLC increased its holdings in shares of MAC Copper by 256.3% during the 2nd quarter. Signaturefd LLC now owns 10,575 shares of the company’s stock worth $128,000 after purchasing an additional 7,607 shares during the period. Savant Capital LLC acquired a new position in shares of MAC Copper during the second quarter valued at about $129,000. ProShare Advisors LLC lifted its stake in shares of MAC Copper by 25.5% in the second quarter. ProShare Advisors LLC now owns 14,637 shares of the company’s stock valued at $177,000 after buying an additional 2,977 shares during the period. Finally, XTX Topco Ltd acquired a new position in MAC Copper in the 1st quarter valued at approximately $249,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

MAC Copper Stock Performance

NYSE MTAL opened at $12.21 on Monday. MAC Copper Limited has a 1-year low of $7.69 and a 1-year high of $13.88. The company has a 50 day moving average of $12.20 and a 200-day moving average of $11.74. The company has a quick ratio of 0.45, a current ratio of 0.58 and a debt-to-equity ratio of 0.68.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MTAL. Zacks Research upgraded shares of MAC Copper from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of MAC Copper in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.63.

MAC Copper 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.