SG Americas Securities LLC Acquires 2,232 Shares of Metals Acquisition Limited (NYSE:MTAL)

SG Americas Securities LLC grew its holdings in shares of Metals Acquisition Limited (NYSE:MTAL) by 12.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,959 shares of the company’s stock after purchasing an additional 2,232 shares during the period. SG Americas Securities LLC’s holdings in Metals Acquisition were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wellington Management Group LLP lifted its position in Metals Acquisition by 799.1% during the third quarter. Wellington Management Group LLP now owns 909,588 shares of the company’s stock valued at $12,598,000 after purchasing an additional 808,418 shares during the last quarter. State Street Corp lifted its holdings in shares of 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 during the last quarter. Bank of Montreal Can purchased a new position in Metals Acquisition in the third quarter worth $6,049,000. Regal Partners Ltd increased its stake in Metals Acquisition by 1.7% in the third quarter. Regal Partners Ltd now owns 406,327 shares of the company’s stock valued at $5,628,000 after acquiring an additional 6,651 shares during the last quarter. Finally, Barclays PLC raised its position in Metals Acquisition by 286.6% during the third quarter. Barclays PLC now owns 72,260 shares of the company’s stock valued at $1,000,000 after purchasing an additional 53,567 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Metals Acquisition Stock Up 0.5 %

MTAL stock opened at $10.91 on Friday. Metals Acquisition Limited has a one year low of $9.89 and a one year high of $15.26. The company’s 50 day moving average price is $11.13 and its two-hundred day moving average price is $11.83. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.69.

Wall Street Analyst Weigh In

Separately, Scotiabank cut their price objective on 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 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.