Metals Acquisition Limited (NYSE:MTAL) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of Metals Acquisition Limited (NYSE:MTAL) by 70.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,771 shares of the company’s stock after purchasing an additional 46,701 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.15% of Metals Acquisition worth $1,198,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in Metals Acquisition by 286.6% in the 3rd 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 last quarter. Tidal Investments LLC acquired a new position in shares of Metals Acquisition during the third quarter worth approximately $186,000. SG Americas Securities LLC grew its holdings in Metals Acquisition by 12.6% in 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 in the last quarter. Signaturefd LLC acquired a new stake in Metals Acquisition in the 4th quarter valued at approximately $36,000. Finally, American Century Companies Inc. raised its stake in Metals Acquisition by 58.5% during the 4th quarter. American Century Companies Inc. now owns 906,421 shares of the company’s stock valued at $9,626,000 after acquiring an additional 334,505 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Scotiabank lowered their price target on Metals Acquisition from $16.00 to $14.50 and set a “sector outperform” rating on the stock in a report on Monday, January 6th. BMO Capital Markets initiated coverage on shares of Metals Acquisition in a research note on Wednesday, April 16th. They set an “outperform” rating and a $11.00 target price on the stock.

Metals Acquisition Stock Down 0.3 %

Shares of MTAL stock opened at $9.58 on Friday. Metals Acquisition Limited has a 1 year low of $7.69 and a 1 year high of $15.26. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. The business’s fifty day moving average is $9.67 and its 200-day moving average is $10.96.

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.