Metals Acquisition (NYSE:MTAL) Reaches New 1-Year Low – Here’s Why

Shares of Metals Acquisition Limited (NYSE:MTAL) reached a new 52-week low during trading on Tuesday . The company traded as low as $9.30 and last traded at $9.32, with a volume of 133156 shares. The stock had previously closed at $9.54.

Analysts Set New Price Targets

Separately, Scotiabank dropped their price objective on shares of Metals Acquisition from $16.00 to $14.50 and set a “sector outperform” rating for the company in a report on Monday, January 6th.

Metals Acquisition Stock Performance

The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average price of $10.54 and a 200 day moving average price of $11.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC bought a new stake in shares of Metals Acquisition in the 4th quarter worth approximately $26,000. Quarry LP purchased a new position in Metals Acquisition in the 3rd quarter worth $34,000. Signaturefd LLC bought a new stake in Metals Acquisition in the fourth quarter worth $36,000. Quantbot Technologies LP purchased a new stake in Metals Acquisition during the third quarter valued at about $46,000. Finally, FMR LLC bought a new position in shares of Metals Acquisition during the third quarter valued at about $107,000. 87.47% of the stock is currently owned by institutional investors.

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.