Price T Rowe Associates Inc. MD Buys 4,026 Shares of Metals Acquisition Limited (NYSE:MTAL)

Price T Rowe Associates Inc. MD increased its holdings in Metals Acquisition Limited (NYSE:MTAL) by 22.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 21,679 shares of the company’s stock after buying an additional 4,026 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Metals Acquisition were worth $231,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MTAL. SG Americas Securities LLC increased 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 bought a new stake in Metals Acquisition in the 4th quarter worth about $36,000. American Century Companies Inc. increased its holdings in 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 buying an additional 334,505 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Metals Acquisition by 70.7% in the 4th quarter. JPMorgan Chase & Co. now owns 112,771 shares of the company’s stock worth $1,198,000 after buying an additional 46,701 shares in the last quarter. Finally, Orion Portfolio Solutions LLC bought a new stake in Metals Acquisition in the 4th quarter worth about $119,000. 87.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on MTAL. BMO Capital Markets began coverage on Metals Acquisition in a report on Wednesday, April 16th. They issued an “outperform” rating and a $11.00 price objective for the company. National Bank Financial cut Metals Acquisition from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th.

Metals Acquisition Price Performance

Shares of NYSE:MTAL opened at $9.79 on Friday. 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 stock’s 50-day simple moving average is $9.40 and its two-hundred day simple moving average is $10.65. Metals Acquisition Limited has a 52-week low of $7.69 and a 52-week high of $15.26.

About Metals Acquisition

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.