Metals Acquisition Limited (NYSE:MTAL) Shares Acquired by Regal Partners Ltd

Regal Partners Ltd boosted its position in Metals Acquisition Limited (NYSE:MTAL) by 1.7% in the third quarter, Holdings Channel.com reports. The firm owned 406,327 shares of the company’s stock after acquiring an additional 6,651 shares during the quarter. Regal Partners Ltd’s holdings in Metals Acquisition were worth $5,628,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MTAL. Amalgamated Bank acquired a new position in Metals Acquisition during the second quarter worth $26,000. Creative Planning acquired a new position in shares of Metals Acquisition during the 3rd quarter worth $190,000. Squarepoint Ops LLC purchased a new stake in shares of Metals Acquisition in the 2nd quarter worth about $205,000. SG Americas Securities LLC acquired a new stake in Metals Acquisition in the 3rd quarter valued at about $246,000. Finally, CWA Asset Management Group LLC purchased a new position in Metals Acquisition during the 3rd quarter valued at about $278,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MTAL. Scotiabank dropped their target price on Metals Acquisition from $17.00 to $16.00 and set a “sector outperform” rating for the company in a research note on Monday, August 19th. BMO Capital Markets upped their price objective on shares of Metals Acquisition from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Tuesday, July 23rd.

Metals Acquisition Price Performance

NYSE MTAL opened at $12.47 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. The business’s 50-day simple moving average is $12.43 and its 200-day simple moving average is $12.85. Metals Acquisition Limited has a 1-year low of $9.50 and a 1-year high of $15.26.

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.