Signaturefd LLC Has $128,000 Stock Position in MAC Copper Limited $MTAL

Signaturefd LLC lifted its position in shares of MAC Copper Limited (NYSE:MTAL) by 256.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,575 shares of the company’s stock after buying an additional 7,607 shares during the quarter. Signaturefd LLC’s holdings in MAC Copper were worth $128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTAL. Bank of America Corp DE lifted its holdings in shares of MAC Copper by 95.9% during the fourth quarter. Bank of America Corp DE now owns 70,389 shares of the company’s stock worth $748,000 after buying an additional 34,454 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of MAC Copper during the fourth quarter worth $235,000. GSA Capital Partners LLP acquired a new stake in shares of MAC Copper during the first quarter worth $791,000. XTX Topco Ltd acquired a new stake in shares of MAC Copper during the first quarter worth $249,000. Finally, Fourth Sail Capital LP lifted its holdings in shares of MAC Copper by 1.0% during the first quarter. Fourth Sail Capital LP now owns 5,185,005 shares of the company’s stock worth $49,465,000 after buying an additional 49,862 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

MAC Copper Stock Performance

Shares of NYSE MTAL opened at $12.22 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.58 and a quick ratio of 0.45. MAC Copper Limited has a 12 month low of $7.69 and a 12 month high of $14.08. The stock has a 50-day moving average price of $12.15 and a two-hundred day moving average price of $11.16.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zacks Research raised MAC Copper from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. Canaccord Genuity Group downgraded MAC Copper from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MAC Copper in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, MAC Copper presently has a consensus rating of “Hold” and an average price target of $12.63.

MAC Copper 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.