Credit Industriel ET Commercial Makes New $2.33 Million Investment in MAC Copper Limited $MTAL

Credit Industriel ET Commercial acquired a new stake in shares of MAC Copper Limited (NYSE:MTAL) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 193,000 shares of the company’s stock, valued at approximately $2,333,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTAL. Wolverine Asset Management LLC bought a new position in shares of MAC Copper in the 2nd quarter worth about $52,000. Signaturefd LLC boosted its stake in MAC Copper by 256.3% during the second quarter. Signaturefd LLC now owns 10,575 shares of the company’s stock worth $128,000 after acquiring an additional 7,607 shares in the last quarter. Savant Capital LLC purchased a new stake in MAC Copper in the second quarter worth about $129,000. XTX Topco Ltd purchased a new stake in MAC Copper in the first quarter worth about $249,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of MAC Copper during the first quarter valued at approximately $287,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of MAC Copper from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of MAC Copper in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group downgraded MAC Copper from a “strong-buy” rating to a “hold” rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.63.

MAC Copper Stock Performance

Shares of MTAL opened at $12.21 on Friday. MAC Copper Limited has a twelve month low of $7.69 and a twelve month high of $13.88. The firm has a 50 day moving average of $12.20 and a 200 day moving average of $11.70. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.58 and a quick ratio of 0.45.

MAC Copper 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.