Metals Acquisition Limited (NYSE:MTAL) Shares Purchased by Barclays PLC

Barclays PLC boosted its stake in Metals Acquisition Limited (NYSE:MTAL) by 286.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 72,260 shares of the company’s stock after purchasing an additional 53,567 shares during the period. Barclays PLC’s holdings in Metals Acquisition were worth $1,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTAL. Wellington Management Group LLP boosted its position in Metals Acquisition by 799.1% in the 3rd quarter. Wellington Management Group LLP now owns 909,588 shares of the company’s stock valued at $12,598,000 after buying an additional 808,418 shares during the period. Millennium Management LLC increased its stake in shares of Metals Acquisition by 54.3% during the second quarter. Millennium Management LLC now owns 1,919,918 shares of the company’s stock worth $26,284,000 after buying an additional 675,340 shares during the period. Bank of Montreal Can acquired a new stake in Metals Acquisition in the third quarter valued at approximately $6,049,000. Bank of New York Mellon Corp purchased a new position in Metals Acquisition in the second quarter worth approximately $2,141,000. Finally, State Street Corp grew its holdings in Metals Acquisition by 28.7% during the 3rd quarter. State Street Corp now owns 698,943 shares of the company’s stock worth $9,680,000 after acquiring an additional 156,022 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Metals Acquisition Stock Up 1.2 %

NYSE:MTAL opened at $10.37 on Wednesday. Metals Acquisition Limited has a 1 year low of $9.89 and a 1 year high of $15.26. 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 stock has a 50-day simple moving average of $11.70 and a 200-day simple moving average of $12.20.

Analysts Set New Price Targets

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

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.