Metals Acquisition (NYSE:MTAL) Given New $15.00 Price Target at BMO Capital Markets

Metals Acquisition (NYSE:MTAL) had its price objective upped by BMO Capital Markets from $13.00 to $15.00 in a research report sent to investors on Tuesday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Separately, Scotiabank lifted their target price on Metals Acquisition from $15.50 to $17.00 and gave the stock a sector outperform rating in a report on Thursday, May 30th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $14.50.

Metals Acquisition Stock Down 1.8 %

MTAL traded down $0.23 on Tuesday, hitting $12.85. The company had a trading volume of 54,002 shares, compared to its average volume of 230,775. The stock has a fifty day moving average price of $13.88 and a 200-day moving average price of $13.05. Metals Acquisition has a 12-month low of $9.50 and a 12-month high of $15.26. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.31 and a quick ratio of 0.23.

Institutional Trading of Metals Acquisition

Several large investors have recently made changes to their positions in MTAL. Tuttle Capital Management LLC acquired a new position in Metals Acquisition during the first quarter worth $517,000. Platinum Investment Management Ltd. boosted its stake in Metals Acquisition by 9.8% during the fourth quarter. Platinum Investment Management Ltd. now owns 2,236,246 shares of the company’s stock worth $27,640,000 after buying an additional 199,898 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in Metals Acquisition by 8.3% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 3,572,728 shares of the company’s stock worth $44,159,000 after buying an additional 272,727 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Metals Acquisition 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.