Wells Fargo & Company MN Increases Stock Holdings in Metals Acquisition Limited (NYSE:MTAL)

Wells Fargo & Company MN raised its stake in shares of Metals Acquisition Limited (NYSE:MTAL) by 32.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,837 shares of the company’s stock after purchasing an additional 7,352 shares during the quarter. Wells Fargo & Company MN’s holdings in Metals Acquisition were worth $317,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of Metals Acquisition by 286.6% during the 3rd quarter. Barclays PLC now owns 72,260 shares of the company’s stock valued at $1,000,000 after purchasing an additional 53,567 shares in the last quarter. Tidal Investments LLC purchased a new stake in Metals Acquisition in the third quarter worth about $186,000. SG Americas Securities LLC boosted its position in Metals Acquisition by 12.6% during the 4th quarter. SG Americas Securities LLC now owns 19,959 shares of the company’s stock valued at $212,000 after acquiring an additional 2,232 shares in the last quarter. Signaturefd LLC purchased a new position in shares of Metals Acquisition during the 4th quarter worth approximately $36,000. Finally, American Century Companies Inc. raised its position in shares of Metals Acquisition by 58.5% in the 4th quarter. American Century Companies Inc. now owns 906,421 shares of the company’s stock worth $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.

Metals Acquisition Stock Up 0.2 %

Shares of MTAL opened at $8.97 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.69. The business’s 50 day moving average price is $9.47 and its 200-day moving average price is $10.80. Metals Acquisition Limited has a 52 week low of $7.69 and a 52 week high of $15.26.

Wall Street Analysts Forecast Growth

MTAL has been the topic of several research reports. Scotiabank dropped their price target on Metals Acquisition from $16.00 to $14.50 and set a “sector outperform” rating on the stock in a research report on Monday, January 6th. BMO Capital Markets initiated coverage on shares of Metals Acquisition in a report on Wednesday, April 16th. They set an “outperform” rating and a $11.00 target price on the stock. Finally, 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 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.