Metals Acquisition (NYSE:MTAL) Hits New 12-Month Low – Here’s What Happened

Metals Acquisition Limited (NYSE:MTAL)’s share price hit a new 52-week low on Monday . The stock traded as low as $7.69 and last traded at $8.07, with a volume of 197425 shares. The stock had previously closed at $8.16.

Wall Street Analyst Weigh In

Separately, Scotiabank cut their target price on shares of Metals Acquisition from $16.00 to $14.50 and set a “sector outperform” rating for the company in a research note on Monday, January 6th.

Metals Acquisition Stock Performance

The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average is $10.39 and its 200-day moving average is $11.47.

Institutional Trading of Metals Acquisition

Several hedge funds have recently modified their holdings of MTAL. Quadrant Capital Group LLC bought a new stake in shares of Metals Acquisition during the fourth quarter worth $26,000. Quarry LP bought a new position in Metals Acquisition in the third quarter valued at approximately $34,000. Signaturefd LLC acquired a new position in shares of Metals Acquisition in the 4th quarter valued at $36,000. Quantbot Technologies LP acquired a new stake in shares of Metals Acquisition during the third quarter worth $46,000. Finally, FMR LLC bought a new stake in Metals Acquisition in the third quarter valued at about $107,000. 87.47% of the stock is owned by 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.