BCK Capital Management LP Buys Shares of 93,935 MAC Copper Limited $MTAL

BCK Capital Management LP bought a new position in shares of MAC Copper Limited (NYSE:MTAL) in the second quarter, HoldingsChannel reports. The firm bought 93,935 shares of the company’s stock, valued at approximately $1,136,000.

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

MAC Copper Price Performance

MAC Copper stock opened at $12.21 on Friday. The stock has a fifty day moving average price of $12.20 and a 200 day moving average price of $11.72. MAC Copper Limited has a 52 week low of $7.69 and a 52 week high of $13.88. The company has a current ratio of 0.58, a quick ratio of 0.45 and a debt-to-equity ratio of 0.68.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MTAL. Zacks Research raised MAC Copper from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Weiss Ratings restated a “sell (d-)” rating on shares of MAC Copper in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, MAC Copper has a consensus rating of “Hold” and an average target price of $12.63.

About MAC Copper

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.