Metals Acquisition Limited Expected to Earn Q1 2024 Earnings of $0.22 Per Share (NYSE:MTAL)

Metals Acquisition Limited (NYSE:MTAL) – Investment analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for Metals Acquisition in a research note issued on Thursday, April 18th. National Bank Financial analyst S. Nagle expects that the company will post earnings of $0.22 per share for the quarter. The consensus estimate for Metals Acquisition’s current full-year earnings is ($0.27) per share.

Separately, Scotiabank started coverage on Metals Acquisition in a research note on Monday, March 4th. They set a “sector outperform” rating and a $14.50 target price for the company. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $13.92.

Metals Acquisition Stock Performance

MTAL stock opened at $13.15 on Monday. The business has a 50 day moving average price of $12.73 and a 200 day moving average price of $11.70. Metals Acquisition has a fifty-two week low of $8.49 and a fifty-two week high of $14.11. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.23 and a current ratio of 0.31.

Institutional Investors Weigh In On Metals Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kepos Capital LP purchased a new stake in Metals Acquisition in the third quarter valued at approximately $210,000. Tuttle Capital Management LLC purchased a new stake in Metals Acquisition in the first quarter valued at approximately $517,000. Regal Partners Ltd lifted its stake in Metals Acquisition by 1.2% in the third quarter. Regal Partners Ltd now owns 303,705 shares of the company’s stock valued at $3,638,000 after buying an additional 3,705 shares during the last quarter. CI Investments Inc. purchased a new stake in Metals Acquisition in the third quarter valued at approximately $6,676,000. Finally, Adage Capital Partners GP L.L.C. lifted its stake in Metals Acquisition by 10.4% in the third quarter. Adage Capital Partners GP L.L.C. now owns 687,139 shares of the company’s stock valued at $8,232,000 after buying an additional 64,616 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

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.