Voya Investment Management LLC Has $146,000 Position in MAC Copper Limited $MTAL

Voya Investment Management LLC lowered its stake in shares of MAC Copper Limited (NYSE:MTAL) by 9.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,305 shares of the company’s stock after selling 1,582 shares during the period. Voya Investment Management LLC’s holdings in MAC Copper were worth $146,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MTAL. Nuveen LLC acquired a new stake in shares of MAC Copper during the 1st quarter valued at $1,271,000. Mudita Advisors LLP lifted its stake in shares of MAC Copper by 38.3% in the 1st quarter. Mudita Advisors LLP now owns 435,400 shares of the company’s stock valued at $4,154,000 after purchasing an additional 120,600 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of MAC Copper by 50.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 257,397 shares of the company’s stock valued at $2,456,000 after purchasing an additional 86,197 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of MAC Copper in the 1st quarter valued at $791,000. Finally, Fourth Sail Capital LP lifted its stake in shares of MAC Copper by 1.0% in the 1st quarter. Fourth Sail Capital LP now owns 5,185,005 shares of the company’s stock valued at $49,465,000 after purchasing an additional 49,862 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MTAL shares. Zacks Research raised shares of MAC Copper from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Canaccord Genuity Group lowered shares of MAC Copper from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $12.25 price objective (up previously from $11.00) on shares of MAC Copper in a research note on Tuesday, June 3rd. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.63.

MAC Copper Stock Performance

Shares of MTAL opened at $12.21 on Wednesday. MAC Copper Limited has a one year low of $7.69 and a one year high of $14.31. The company has a current ratio of 0.58, a quick ratio of 0.45 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average price is $12.14 and its 200 day moving average price is $11.13.

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.