Analysts Set MAC Copper Limited (NYSE:MTAL) Price Target at $12.63

MAC Copper Limited (NYSE:MTAL) has been assigned an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $12.6250.

Several research firms have recently commented on MTAL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MAC Copper in a report on Saturday, September 27th. Zacks Research upgraded MAC Copper from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Finally, Canaccord Genuity Group lowered MAC Copper from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 11th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of MAC Copper by 95.9% in the fourth quarter. Bank of America Corp DE now owns 70,389 shares of the company’s stock valued at $748,000 after purchasing an additional 34,454 shares during the period. Squarepoint Ops LLC bought a new position in MAC Copper in the 4th quarter worth approximately $235,000. GSA Capital Partners LLP acquired a new stake in MAC Copper in the 1st quarter valued at approximately $791,000. XTX Topco Ltd acquired a new stake in MAC Copper in the 1st quarter valued at approximately $249,000. Finally, Fourth Sail Capital LP raised its stake in MAC Copper by 1.0% during the 1st quarter. Fourth Sail Capital LP now owns 5,185,005 shares of the company’s stock valued at $49,465,000 after acquiring an additional 49,862 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

MAC Copper Trading Up 0.1%

Shares of NYSE:MTAL opened at $12.22 on Friday. MAC Copper has a fifty-two week low of $7.69 and a fifty-two week high of $14.08. The firm has a 50-day simple moving average of $12.15 and a 200 day simple moving average of $11.16. The company has a quick ratio of 0.45, a current ratio of 0.58 and a debt-to-equity ratio of 0.68.

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.