Analysts Set Metals Acquisition Limited (NYSE:MTAL) Price Target at $13.92

Metals Acquisition Limited (NYSE:MTAL) has received an average recommendation of “Buy” from the five brokerages that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $13.92.

Separately, Scotiabank started coverage on shares of Metals Acquisition in a research report on Monday, March 4th. They set a “sector outperform” rating and a $14.50 price target on the stock.

Metals Acquisition Stock Performance

MTAL opened at $13.48 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.23 and a current ratio of 0.31. Metals Acquisition has a 1-year low of $8.49 and a 1-year high of $14.11. The company’s fifty day moving average price is $12.78 and its two-hundred day moving average price is $11.72.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Kepos Capital LP purchased a new stake in shares of Metals Acquisition in the third quarter worth $210,000. Tuttle Capital Management LLC purchased a new stake in shares of Metals Acquisition in the 1st quarter valued at about $517,000. Regal Partners Ltd boosted its position in shares of Metals Acquisition by 1.2% during the 3rd quarter. Regal Partners Ltd now owns 303,705 shares of the company’s stock valued at $3,638,000 after acquiring an additional 3,705 shares during the last quarter. CI Investments Inc. purchased a new position in shares of Metals Acquisition during the third quarter worth about $6,676,000. Finally, Adage Capital Partners GP L.L.C. increased its holdings in shares of Metals Acquisition by 10.4% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 687,139 shares of the company’s stock worth $8,232,000 after buying an additional 64,616 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

About Metals Acquisition

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.