United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Boosts Stake in Metals Acquisition Limited (NYSE:MTAL)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in Metals Acquisition Limited (NYSE:MTAL) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,572,728 shares of the company’s stock after buying an additional 272,727 shares during the quarter. Metals Acquisition comprises 2.2% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s investment portfolio, making the stock its 15th biggest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned 0.07% of Metals Acquisition worth $44,159,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Metals Acquisition in the 2nd quarter valued at $49,594,000. Sprott Inc. acquired a new stake in Metals Acquisition in the 3rd quarter valued at $17,970,000. CI Investments Inc. purchased a new position in Metals Acquisition in the third quarter valued at about $6,676,000. Berkley W R Corp lifted its stake in shares of Metals Acquisition by 455.8% during the first quarter. Berkley W R Corp now owns 412,302 shares of the company’s stock worth $4,214,000 after purchasing an additional 338,121 shares in the last quarter. Finally, Regal Partners Ltd purchased a new stake in shares of Metals Acquisition in the second quarter worth about $3,090,000. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Metals Acquisition Trading Down 3.3 %

Shares of Metals Acquisition stock traded down $0.44 during trading hours on Wednesday, hitting $13.06. 60,700 shares of the company’s stock traded hands, compared to its average volume of 41,347. Metals Acquisition Limited has a twelve month low of $8.49 and a twelve month high of $14.11. The company has a quick ratio of 0.23, a current ratio of 0.31 and a debt-to-equity ratio of 1.45. The stock has a 50 day simple moving average of $12.67 and a 200-day simple moving average of $11.65.

Analyst Upgrades and Downgrades

Separately, Scotiabank assumed coverage on Metals Acquisition in a report on Monday, March 4th. They set a “sector outperform” rating and a $14.50 target price on the stock. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Metals Acquisition presently has an average rating of “Buy” and an average price target of $13.92.

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.