Research Analysts Offer Predictions for MTAL FY2024 Earnings

Metals Acquisition Limited (NYSE:MTAL) – Equities researchers at Scotiabank cut their FY2024 earnings per share (EPS) estimates for shares of Metals Acquisition in a report issued on Wednesday, January 8th. Scotiabank analyst E. Winmill now expects that the company will earn $0.17 per share for the year, down from their prior forecast of $0.25. Scotiabank currently has a “Sector Outperform” rating and a $14.50 price objective on the stock. The consensus estimate for Metals Acquisition’s current full-year earnings is $0.33 per share. Scotiabank also issued estimates for Metals Acquisition’s FY2025 earnings at $1.19 EPS.

Metals Acquisition Stock Up 1.8 %

NYSE MTAL opened at $10.44 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. Metals Acquisition has a 12 month low of $9.89 and a 12 month high of $15.26. The company’s fifty day moving average price is $11.88 and its two-hundred day moving average price is $12.27.

Institutional Investors Weigh In On Metals Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC boosted its stake in Metals Acquisition by 54.3% in the second quarter. Millennium Management LLC now owns 1,919,918 shares of the company’s stock valued at $26,284,000 after acquiring an additional 675,340 shares during the period. Wellington Management Group LLP boosted its position in Metals Acquisition by 799.1% during the 3rd quarter. Wellington Management Group LLP now owns 909,588 shares of the company’s stock valued at $12,598,000 after purchasing an additional 808,418 shares during the period. State Street Corp grew its stake in Metals Acquisition by 28.7% during the 3rd quarter. State Street Corp now owns 698,943 shares of the company’s stock worth $9,680,000 after buying an additional 156,022 shares during the last quarter. Bank of Montreal Can acquired a new stake in Metals Acquisition in the third quarter worth $6,049,000. Finally, Regal Partners Ltd lifted its stake in Metals Acquisition by 1.7% in the third quarter. Regal Partners Ltd now owns 406,327 shares of the company’s stock valued at $5,628,000 after buying an additional 6,651 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

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.